Iran-Backed Militias Attack US Base in Syria, No Crypto Impact Reported – Coincu

Iran-backed militias attacked a United States military base in Syria on June 23, 2025. The assault, reported by Iranian officials, involved Iraqi militias known collectively as the Islamic Resistance of Iraq (IRI).

The event signals Iran’s strategy to retaliate against escalations by Israel and the US, yet no direct impact on the cryptocurrency markets has been observed.

Iran-Backed Militia Attack: Over 200 Operations in 18 Months

Iran-backed Iraqi militias, collectively termed the Islamic Resistance of Iraq, launched attacks on US military posts in Syria on June 23, 2025. This group’s involvement follows nearly 200 similar operations against US forces over the past 18 months. According to Iranian reports, these actions reflect Iran’s ongoing retaliation strategies.

No immediate changes have been detected in cryptocurrency markets following this incident. Despite heightened tensions, US defense officials have maintained limited public disclosures. When questioned, a US defense official stated:

“We are aware of these reports but have nothing operational to provide.”

Government officials and key industry players have issued no major statements on the attack’s supposed outcomes. At this stage, the focus is on maintaining security and evaluating potential retaliatory measures. Meanwhile, US cyber and terrorism advisories highlight broader military escalation risks between the US and Iran.

Crypto Market Stays Unmoved Amid Middle East Tensions

Did you know? In January 2020, following the killing of Iranian General Qasem Soleimani, Iran retaliated by targeting US forces in Iraq. This incident had a significant effect on global markets and caused a temporary spike in “safe haven” asset trading.

Ethereum (ETH) is valued at $2,247.80, with a market cap of $271.35 billion and dominance at 8.72%. Trading volume is $25.10 billion, showing a 7.44% decrease. Over the last day, ETH dipped by 0.33%, while its past week saw a 14.52% decline, according to CoinMarketCap.

Potential outcomes from escalating tensions include assessed risks of increased cyber threats, impacting infrastructure and finance. Past events show Middle Eastern geopolitical unrest often causes slight spikes in “safe haven” assets, though current data reflects no direct impact on crypto trading volumes or major token prices.