Iran’s official news agency confirmed that an Iranian Navy site in Konarak was attacked by what it described as an “enemy,” marking a significant escalation in regional military tensions that immediately rippled through cryptocurrency markets.
The strikes, which began on February 28, targeted Iranian naval assets in the Gulf of Oman as part of what has been referred to as Operation Epic Fury. Satellite imagery reportedly showed extensive damage, including fires and the sinking of at least three vessels, with up to six ships impacted overall. CENTCOM confirmed the destruction of Iranian naval assets during the coordinated US and Israeli military operations.
Crypto markets flinch, then bounce
Bitcoin’s price dropped to around $63,000 in the immediate aftermath of the strikes before rebounding to approximately $67,000. That’s roughly a 6% swing in a matter of hours.
Ethereum moved in the opposite direction from Bitcoin’s initial dip. ETH rose over 6% during the immediate aftermath, a divergence that suggests traders weren’t simply dumping risk assets across the board.
