Bitcoin

This conflict adds to a year of global tensions (Russia-Ukraine, Israel-Hamas) that have repeatedly weighed on risk assets. For crypto, which remains correlated with equities, such events typically spur short-term selling, though Bitcoin's long-term narrative as a non-sovereign store of value may attract capital if the conflict deepens. The market is already at Extreme Fear (F&G 8), suggesting a potential contrarian opportunity if the news is quickly priced in.

Satellite images from Al Jazeera show destruction at 15 military sites before and after attacks in the US-Israel war on Iran.