Iran Sees Surge in Cryptocurrency Outflows After US-Israel Airstrikes

The recent airstrikes on Tehran have triggered a surge in cryptocurrency outflows from Iran, with $10.3 million worth of assets being withdrawn from exchanges between February 28 and March 2. According to on-chain data compiled by Chainalysis, this increase mirrors patterns observed during previous periods of domestic unrest and geopolitical shocks.

The data highlights the dual role of cryptocurrencies in situations like these. For citizens under duress, bitcoin can serve as a lifeline for preserving value and moving funds outside the country's collapsing financial infrastructure. At the same time, it also becomes a strategic tool in the broader geopolitical struggle.