Global markets were jolted after Iran’s Supreme National Security Council announced the death of Ali Khamenei, reportedly killed in US-Israeli strikes early Saturday. The operation also claimed the lives of senior officials including IRGC commander Mohammad Pakpour and defense council secretary Ali Shamkhani, according to reports from BBC.

US President Donald Trump addressed the development on Truth Social, calling the cleric “one of the most evil people in history.” Market commentators suggested traders interpreted the event as a potential turning point in US-Iran tensions. Crypto analyst Ash Crypto noted that if signs of de-escalation continue before the traditional market open, Bitcoin could sustain its upward momentum.