Former President Donald Trump publicly voiced his support for Israel’s military action against Iranian targets, commending the operation’s impact and effectiveness. He highlighted the potential consequences on global markets, particularly the crypto asset market where Bitcoin (BTC) and Ethereum (ETH) may experience volatility. While the U.S. refrained from direct involvement in the conflict, Secretary of State Marco Rubio emphasized a focus on protecting American forces. This event has triggered concerns regarding the cryptocurrency market’s response to geopolitical risk. Historically, such tensions have led to increased demand for traditional safe-haven assets like gold and bonds. Notably, similar events in the past, such as the 2020 attack on General Soleimani, saw a surge in cryptocurrency markets, raising possibilities of digital asset utilization as hedging against geopolitically driven fluctuations.