Bitcoin Price Crashes as Iran Strike and Crypto Hack Spree Shake Markets

Bitcoin fell sharply as reports of U.S. strikes on Iran’s Qeshm Island raised oil-supply concerns and a series of crypto security breaches weakened confidence in digital assets. U.S. officials described the strikes as defensive, while the Strait of Hormuz, which previously carried about one-fifth of global oil and gas supplies, remained a focus; Brent crude traded near $105 a barrel. Binance suffered a breach involving $6.3 billion in crypto assets, and customers withdrew billions before withdrawals stabilized. Attacks also affected Mercado Bitcoin and Polymarket, while Asian equities fell, with MSCI’s Asia-Pacific index excluding Japan down 1.4%.