Key Takeaways
- The US and Israel launch a new attack on Iran following months of failed nuclear negotiations, sparking geopolitical uncertainties.
- Iran launches swift attacks on US and Israeli base camps in Qatar and blocks oil supply, which could see prices go higher.
- Bitcoin and crypto markets see a sharp decline following the US-Iran war, and the market could see further declines ahead of the market open.
The scenes surrounding the recent US-Iran war have escalated global worries following a coordinated military strike by the US and Israeli strike on Iran on the 28th February 2026. This strike on Iran was confirmed by the US President, Donald Trump, stating this operation is ongoing, as an explosion rocked the city of Tehran.
The root cause of the recent attack on Iran runs deep, from decades of failed nuclear talks and rising tension, entering a new phase, leading to wild explosions across the country.
Following the collapse of these nuclear negotiations and the strike by the US on Iran has led to economic crisis, currency depreciation, and potential casualties, which are unknown for now, only video footage circulating on social media regarding the recent US-Iran war following its strike.
How would this recent US-Iran war affect the financial market in the coming days?
US Iran War Could See Price of Oil Hit $100
The explosion on Iranian soil saw a swift response from the government as the country launched its own missiles towards Israel and a US base in Qatar, but they were intercepted, while there were reports of explosions in the cities of Riyadh and Abu Dhabi.
Iran has further gone to close the Strait of Hormuz, an area that accounts for 20% of global oil supply, which could see the price of oil rally to $100 in the coming days. This recent event has sparked geopolitical tension worldwide, as markets could respond either to the upside or the downside in the coming days.
The crypto market, which opened 24 hours ago, has seen several crashes amid heightened speculation over market uncertainties.
How Will the US-Iran War Affect Bitcoin and Other Crypto?
Source – US-Iran War Cashes Crypto Market from QuantifyCrypto
Cryptocurrency and Bitcoin have always struggled during uncertainties and war, as was evident following a recent crash from a region of $67,000 to a low of $64,000, after the price showed a bullish market rebound in the early weeks.
While the price of crypto assets continues to struggle amid global political uncertainties, there is speculation that Bitcoin could crash, potentially losing its key demand zone of $60,000, which has protected the price for weeks now, as the price could suffer a significant decline.
Historically, previous wars such as Russia-Ukraine and Israel-Iran have led to Bitcoin seeing around 40% and 25% price dumps, respectively, which many anticipate will lead to a decline in Bitcoin and the crypto market. A similar dump could see BTC potentially trade below $50k.
While market uncertainties for crypto assets rise, metals such as Gold and Silver have performed better during these times as traders, institutions, and banks opening on Monday could potentially see how the overall market reacts following the recent US-Iran war.
FAQs
Will the Iran War affect crypto?
The crypto market has experienced a crash in the last few hours amid the US-Iran war, as US President Donald Trump hints at a combat operation. The crypto market could see a significant crash on Monday when it opens.
How will markets react to the US attack on Iran?
Expectations are that the crypto market and Bitcoin could see a market crash; however, there is a high possibility that Oil and metals such as Gold and Silver will perform well in the coming days.
Does war affect the crypto market?
Historical data show wars such as the Russian-Ukrainian and Israel-Iran have led to market crashes of over 40% and 20%, respectively, and could trigger a similar reaction.
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