Deniz 
Responding to the death of Hezbollah leader Hassan Nasrallah, Iran fired hundreds of missiles toward Israel on Tuesday, further raising regional tensions. Following Israel’s “limited and localized” ground campaign in Lebanon, this major attack raises international questions about the likelihood of a more general battle.
CNN, among other sources on the ground in Israel, reported the sight of scores of missiles accompanied by sirens blasting across the country. The Israel Defense Forces (IDF) claim that 180 missiles Iran fired were many of which were intercepted. IDF spokesman Rear Admiral Daniel Hagari said the incident was “serious” and cautioned of “serious consequences.” Though there was a barrage, no injuries were first recorded; US Secretary of State Antony Blinken judged the attack to be “effectively defeated.”
Regional Escalation and Iran’s Retaliation
Following Israel’s attack on Hamas in Gaza, where tens of thousands of Palestinians have been dead and most of the area has been devastated, the assault occurs amid increased tensions. Over the past year, Hezbollah, a militant organization from Lebanon supported by Iran, has also been firing missiles towards Israel. As Iran’s Islamic Revolutionary Guard Corps (IRGC) said the attack was in retribution for the killing of Nasrallah, Tuesday’s missile strike represents a dramatic escalation.
Iran’s envoy to the United Nations detailed the launch as a reaction to the “terrorist acts” of Israel and cautioned of a “subsequent and crushing response should Israel retaliate.” Given this, Tel Aviv and other cities have warned their citizens to remain near shelters; tensions clearly are growing all throughout the nation.
Impact on Bitcoin Prices
Since Iran’s missile attack began, the price of Bitcoin has fallen from $63,000 to $61,110, reflecting the economic uncertainty tied to the escalation of conflict in the Middle East.
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