Bitcoin plunged immediately after news of Israel’s preventative strike
Within minutes of the headlines breaking, roughly $100 million in long positions were liquidated across major exchanges, according to derivatives data.
Israel announced the operation against Iran early Saturday, which was followed by explosions in Tehran.
Defence Minister Israel Katz said the action was aimed at removing looming threats and that a state of emergency had been declared. The Israel Defense Forces warned of possible retaliatory missile launches and activated sirens across the country, instructing residents to stay close to shelters.
Restrictions were introduced at schools, workplaces, and public gatherings in anticipation of further escalation.
American forces were reported to be participating in or coordinating with Israel. The level of involvement remains unclear, however.
This is a developing story.
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