Cryptocurrency markets recorded sharp gains after confirmation reports emerged regarding the death of Iran’s Supreme Leader Ayatollah Ali Khamenei following large-scale US-Israel military strikes on Iran.
Ethereum (ETH) was among the top gainers, rising 4.76% in 24 hours to $2,017.27, according to market data. Bitcoin (BTC) climbed 2.67% to $67,400, while Binance Coin (BNB) traded at $630.42, up 2.90%.
The broader crypto market also saw strong upside momentum:
The rally follows reports that the United States and Israel carried out one of the largest coordinated military operations in the region’s recent history. According to multiple reports, nearly 200 Israeli Air Force jets reportedly struck more than 500 targets across Iran, lighting up Iranian skies in what has been described as the largest military flyover in Israel’s history.
Reports also claim that Iran’s air defence systems failed to intercept several waves of strikes. Additionally, unconfirmed reports suggest that some family members of Supreme Leader Khamenei were reportedly killed during the attacks.
Markets reacted swiftly as geopolitical risk surged. While traditional markets remain on edge, crypto assets — which trade 24/7 — saw immediate volatility and subsequent buying momentum. Analysts say heightened geopolitical tensions often trigger rapid price swings in digital assets as traders reposition risk.
The situation in the Middle East remains fluid, with further developments expected in the coming hours.
We do not independently verify the claims regarding military operations or reported casualties, and the situation remains subject to confirmation.
