The European Union Aviation Safety Agency (EASA) on July 14, 2026, warned airlines to avoid Jordanian airspace after Iranian strikes in the region. The advisory came as a sharp escalation in Middle East tensions, and cryptocurrency markets reacted immediately.
Bitcoin falls to $62,000
Bitcoin dropped to $62,000 following the news, extending losses from earlier in the week. The move erased gains from the previous session and pushed the broader crypto market into the red.
$350 million in liquidations
The sell-off triggered a wave of forced selling. Over $350 million in leveraged cryptocurrency positions were liquidated across major exchanges, according to data from Coinglass. The majority of the liquidations were long positions, as traders who bet on higher prices were caught off guard.
EASA's warning
EASA's notice advised airlines to 'avoid Jordanian airspace' until further notice, citing 'military activity' following Iranian strikes. The warning is a standard safety measure but underscores the severity of the situation. Jordan shares borders with Iraq, Syria, and Israel, and its airspace is a key corridor for flights between Europe and the Gulf.
Airlines are now rerouting flights, and traders are bracing for more volatility as the situation evolves.
