Mojtaba Khamenei Takes Over as Iran’s Supreme Leader Amid Ongoing Conflict

Mojtaba Khamenei Injured in Attack, Stoking Leadership and Regional Stability Fears

Heightened Iran‑U.S. tension adds to the broader risk‑off narrative driving the current bearish crypto market, while the regime’s tighter control may spur underground crypto usage as a hedge against sanctions. This convergence of political risk and sanctions‑driven demand for non‑sovereign assets can create a short‑term divergence between Bitcoin (as a safe‑haven) and risk‑on altcoins.

Iran's Assembly of Experts selected Mojtaba Khamenei as the country's new supreme leader.