Iran launched missile strikes on US military bases across six Gulf states between July 12 and July 17, 2026, as part of a policy to force Washington to yield to its demands. Bitcoin fell 2% from approximately $64,000 to $62,000, triggering over $350 million in liquidations across crypto platforms. Ethereum, Solana, and Dogecoin also declined amid the broader market selloff. Iran’s announcement to close the Strait of Hormuz, through which roughly 20% of global oil supply passes, intensified market anxiety.
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