Iran’s Islamic Revolutionary Guard Corps launched a ballistic missile strike on Israel’s Ramat David airbase on June 7, marking the first direct attack since the two nations’ April ceasefire collapsed. Israeli air defenses intercepted most of the incoming projectiles, but satellite imagery revealed possible damage to a hangar at the northern Israeli facility.
For crypto markets, the immediate translation was pain. Bitcoin dropped over 2% to around $63K, Ethereum fell roughly 7%, and more than $1B in liquidations swept across trading platforms within hours of the strikes.
What happened on the ground
The IRGC framed the attack as retaliation for Israeli operations in southern Lebanon.
Israel responded with what were described as limited strikes on Iranian military positions across western and central Iran.
