Iran’s Islamic Revolutionary Guard Corps has claimed responsibility for launching 20 drones and three missiles at the Sheikh Isa air base in Bahrain, calling it retaliation for prior US strikes on Iranian assets. The attack marks a sharp escalation in a conflict that has been simmering across the Middle East for months, and digital asset markets are reacting in real time.

The strikes targeted US air bases across Bahrain, Saudi Arabia, and Iraq. Prior incidents in this escalation included US strikes on Al-Udeid Air Base in Qatar and other installations across the Gulf region during 2025.

How crypto markets are responding

During a 24-hour period coinciding with earlier US strikes on Iran, liquidations across…