Iran fired a new wave of ballistic missiles at Israel on Monday, with air raid sirens blaring across Jerusalem, Tel Aviv, and Beersheba. The Israeli military confirmed the incoming strikes, which followed hours after its own airstrikes targeted Iranian military installations.
Crypto markets responded exactly the way you’d expect when two nuclear-capable adversaries start trading live fire. Bitcoin slid below $63,000, Ethereum and Solana followed it down, and risk appetite across digital assets evaporated in real time.
What happened on the ground
The missile barrage represents a significant escalation in a cycle of retaliatory strikes between Iran and Israel that has been intensifying for months. The Israeli military confirmed the launches, characterizing them as a direct response to earlier Israeli operations against Iranian military sites.
Sirens activated in three of Israel’s most densely populated areas. Jerusalem, Tel Aviv, and Beersheba collectively house millions of residents, making the scope of the alert one of the broadest in recent memory.
