Iran's Islamic Revolutionary Guard Corps announced missile and drone strikes against US military bases in Kuwait and Bahrain. The attacks targeted the Ali al-Salem Air Base in Kuwait and the US Fifth Fleet facilities in Bahrain. The strikes occurred between 2 and 3 a.m. local time.
Kuwaiti and Bahraini officials reported intercepting incoming weapons. There were reports of localized damage, including building impacts and power outages. Kuwait condemned the attacks.
The Strait of Hormuz, a critical waterway for global oil transport, lies in the conflict zone.
Bitcoin reacted swiftly. Its price briefly dipped to around $99,500 before showing signs of recovery. The initial drop reflected panic selling. Market watchers note this pattern during geopolitical shocks, where quick sell-offs are often followed by rapid rebounds.
Trading volumes across major exchanges spiked during the initial hours. Energy markets are also in focus, as any disruption to oil flows could impact Bitcoin mining costs and its price floor.