Iran’s missile strikes on US targets rattle crypto markets as Bitcoin drops 2%

Iran’s Supreme National Security Council has made its position clear: the missile strikes on US military targets are not a one-time statement. They are a policy. Mohammad Bagher Zolghadr, the SNSC’s secretary, stated that Iran will continue striking US assets until Washington surrenders and Tehran’s demands are met. For crypto traders, that sentence is worth reading twice. The strikes, which targeted US military installations across six Gulf states including Bahrain, Kuwait, Qatar, Jordan, Oman, and the UAE, ran from July 12 through July 17, 2026. Bitcoin responded the way it usually does when geopolitical risk spikes: it dropped, falling more than 2% from approximately $64,000 to around $62,000. That move triggered over $350 million in liquidations across crypto platforms. What just happened, and why crypto felt it This is not the first time Iranian military action has dented Bitcoin’s price this year. Back in May 2026, earlier Iranian missile activity pushed Bitcoin down from above $80,000 to roughly $79,000. That was a smaller dip, but it established a pattern worth noting: when Iran fires, crypto wobbles. The July escalation was bigger in scope than May’s episode. Strikes acros...