Iran launched multiple waves of ballistic missiles toward Israel on the night of June 7, 2026, retaliating for an Israeli airstrike on Hezbollah positions in Beirut’s southern suburbs just hours earlier. The exchange marks the first direct military confrontation between the two nations since a US-brokered ceasefire took effect in early April.
Bitcoin reacted the way it always does when missiles start flying. It sold off, dropping to around $62,900 from weekend highs as traders rushed out of risk assets.
What happened on the ground
The missile strikes began at approximately 10 PM local time on June 7, with Iran firing an estimated 10 to 30 ballistic missiles across at least three separate waves. The Israeli military reported intercepting most of the incoming projectiles, with US forces also involved in the defensive effort. No major casualties were initially reported on either side.
The trigger was Israel’s airstrike against Hezbollah targets in Beirut’s southern suburbs, which Iran characterized as a violation of the ceasefire and a crossing of what it called “red lines.”
