IRGC Attack Sends Bitcoin Price Soaring to Near $100K Amidst Global Volatility

The Islamic Revolutionary Guard Corps (IRGC) has attacked the Ali Al Salem Air Base in Kuwait, targeting US military assets. This attack is part of a phased retaliation by Iran and has sent shockwaves through global risk markets. Bitcoin's price has surged to near $100,000 as investors seek safe-haven assets amidst the uncertainty.

The attack, which occurred in July 2026, has triggered over $700 million in liquidations due to high leverage. This is a significant amount, indicating that many investors were using borrowed funds to bet on the cryptocurrency's price.

Despite the limited independent damage verification, the ongoing military tensions suggest further volatility ahead for crypto markets. Investors are advised to remain cautious as the conflict unfolds.