Iran fired a new wave of ballistic missiles at Israel on Monday, triggering air raid sirens in Jerusalem, Tel Aviv, and Beersheba. The Israeli military confirmed the incoming strikes, which followed hours after its own airstrikes targeted Iranian military installations.
Crypto markets responded with a sharp flight from risk. Bitcoin slid below $63,000, Ethereum and Solana followed it down, and the entire digital asset complex moved in lockstep.
Outflows from Nobitex, Iran’s largest cryptocurrency exchange, spiked by approximately 700-800% during peak hours following the strikes. Hourly withdrawal volumes reached roughly $2.9 million, with total outflows exceeding $10 million in the days after the attack.
For investors, the immediate question is whether this is a buying opportunity or the start of a deeper drawdown. History offers mixed guidance.