Crypto:
31578
Bitcoin:
$61.445
% 1.13
BTC Dominance:
%57.1
% 0.37
Market Cap:
$2.10 T
% 0.95
Fear & Greed:
37 / 100
Bitcoin:
$ 61.445
BTC Dominance:
% 57.1
Market Cap:
$2.10 T

Iran Strikes Israel Following Nasrallah’s Death

Iran Israel War

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.”

 

Israel'S Iron Dome Defence System Against Iranian Missiles. Location: Tel Aviv.

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.

READ:  Bitcoin Dips as Middle East Tensions Drive Commodities Higher

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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