US Missile Stockpiles Depleted as Crypto Markets Feel Brunt of Conflict

The US has reportedly depleted its long-range precision missile stockpiles during the ongoing military campaign against Iran. The operation, launched in early March 2026 as Operation Epic Fury, has targeted Iranian ballistic missile sites, naval assets, and key infrastructure across the country.

Risk-off sentiment has slammed digital assets, with Bitcoin and other cryptocurrencies sliding in value as the conflict intensifies. The correlation between rising crude prices and declining crypto valuations has become a defining market dynamic of mid-2026.

The intersection of commodity price shocks and risk-off sentiment creates a particularly hostile environment for assets that rely on speculative appetite to maintain valuations, making volatility likely to persist as long as the military campaign continues.