Iran's Revolutionary Guard Corps launched missile strikes on Israeli air bases Nevatim and Tel Nof on June 8, causing Bitcoin to drop toward $104,000 as investors reassessed risk amid geopolitical tensions. This military action, named "Operation Nasr," was retaliation for Israeli attacks on Iranian radar installations. The strikes came shortly after the US Treasury sanctioned Nobitex, Iran's largest cryptocurrency exchange, for facilitating transactions linked to the IRGC and Iran's central bank. These events highlight how geopolitical conflicts and regulatory actions can impact crypto markets, with Bitcoin behaving like a risk asset during crises. Investors should watch for increased activity in Iranian crypto wallets and potential tighter compliance measures globally.
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