Iran Strikes Jordan, Crypto Markets Suffer $1 Billion Liquidation

The Jordanian military intercepted most of an Iranian ballistic missile volley on July 9, with three projectiles landing on their soil and no reported casualties. The target was the Muwaffaq Salti Air Base, a facility tied to US forces. Jordanian forces shot down eight missiles.

The incident marks the third time this year Iran has launched strikes against Jordan. In February and June, similar attacks were reported, suggesting a pattern of targeting US-affiliated infrastructure in the region.

Crypto markets took a hit, with over $1 billion in liquidations following the escalation. Bitcoin's price oscillated between $62,000 and $63,000 as traders reassessed geopolitical risk. The market has been repeatedly stress-tested this year by global events.