Airstrikes and explosions hit multiple locations across southern Iran and near Tehran early Thursday, marking the most significant military escalation in the region since a fragile ceasefire took hold in April 2026.
Bitcoin slipped below $63,000 almost immediately. Ethereum fell harder. The crypto market, once again, proved it doesn’t exist in a vacuum when real bombs start falling.
What happened on the ground
The strikes, reported between June 8 and 10, targeted military installations, air defense systems, and industrial sites across southern Iran. Hormozgan province, Bandar Abbas, Qeshm Island, and the Mahshahr petrochemical complex were all reportedly hit.
The targets were not random. They are believed to be associated with Iranian missile capabilities.
