Crypto Dives as U.S. Strikes on Iran Enter 13th Day — $250M Liquidated
Leading cryptocurrencies dived alongside stocks on Thursday as elevated Middle East tensions trimmed risk appetite. U.S. strikes on Iran entered their 13th consecutive day, with U.S. forces launching another night of strikes against Iranian military targets. Bitcoin fell back to the mid-$64,000s, while Ethereum dropped to around **$1,800**, reversing earlier weekly gains. Over $250 million** was liquidated in 24 hours, with **$188 million in long positions wiped out. Strategy (MSTR) and Bitmine (BMNR) closed down 6.38% and 6.48% respectively. Yemen's Iran-backed Houthi militia also announced a maritime embargo on Saudi Arabia, raising fresh worries about oil exports through the Red Sea.
Risk reminder: Geopolitical tensions remain highly fluid — further escalation could trigger sharp volatility.
