The US military launched a fresh wave of airstrikes targeting Iranian military installations in and around the Strait of Hormuz, marking the seventh straight night of strikes following the collapse of a ceasefire agreement. Two US service members were killed in a retaliatory Iranian ballistic missile attack in Jordan, escalating a conflict that is now reverberating through global markets, crypto included.

Bitcoin dropped below $64,000 during the strikes, trading in a range around $62,800 to $63,800.

What happened

US Central Command (CENTCOM) executed strikes on July 17-18, 2026, targeting surveillance systems, air defense mechanisms, missile infrastructure, and maritime assets in Iran’s Hormozgan province. The…