Iran Launches Missiles at US Base in Qatar Bitcoin Drops Below $100,000

Iran launched a series of six missiles targeting US military bases in Qatar, as reported by an Israeli official. This development follows previous indications that Iran was preparing for such an attack. The strikes were confirmed by the sound of explosions heard over Doha, the capital of Qatar.

Qatar hosts Al Udeid Air Base, the largest US military installation in the Middle East. This base is crucial as it houses approximately 10,000 American troops and serves as the forward headquarters for US Central Command (CENTCOM). CENTCOM is responsible for directing US military operations across a vast region that extends from Egypt to Kazakhstan.

In response to the heightened tensions, the US Department of Defense had previously withdrawn some of its aircraft from the base due to the risk of a potential Iranian attack. This precautionary measure was taken last week, highlighting the escalating geopolitical risks in the region.

In the wake of these developments, Bitcoin experienced a sudden and significant drop in price, briefly falling below $100,000. This price movement reflects the market's sensitivity to geopolitical events and the potential impact on global financial stability.