Bitcoin could see further downside risks as Iran attacks U.S. bases across Middle East

Tehran launched waves of missiles and drones targeting Israel, U.S. bases, and Gulf allies, with explosions reported in Dubai, Kuwait, and Bahrain. What to know : An Israeli strike on Iran has spiraled into the broadest Middle Eastern military conflict in decades, with Iran launching missiles and drones at Israel and U.S. bases across the Gulf. The United States has begun what President Trump called "major combat operations" in Iran, targeting its missile, naval and nuclear infrastructure as regional states report intercepted missiles, explosions and closed airspace. Bitcoin has so far held above $63,000 amid the turmoil, but analysts warn that a broader market sell-off when traditional markets reopen could push it toward or below the $60,000 level as it trades more like a risk asset than a safe haven.