Jordan's military intercepted three Iranian ballistic missiles earlier today, with no casualties reported. The escalation sent Bitcoin sliding to $62,600, while oil prices jumped nearly 4%.
The interception
Jordan's air defense systems engaged and destroyed three incoming missiles over its territory. The military confirmed the operation in a brief statement, noting that all three projectiles were intercepted before they could reach populated areas. No injuries or damage were reported.
The incident marks a significant escalation in the region. Iran has not yet commented on the launch.
Crypto feels the heat
Bitcoin fell sharply after the news broke, hitting $62,600. The drop wiped out gains from earlier in the week. Cryptocurrency markets often react quickly to geopolitical shocks, and this was no exception. Trading volumes spiked as investors moved to cash or stablecoins.
Other major coins also lost ground, though Bitcoin's move was the most pronounced. The broader crypto market cap shrunk by about 3% in the hour following the interception.
Oil surges
Oil prices jumped nearly 4% on the news, with Brent crude crossing $84 a barrel. The Middle East is a key oil-producing region, and any disruption to supply routes can send prices higher. The surge added to existing inflation concerns, though the immediate impact on crypto was a flight to safety.
For now, markets are watching for any further military moves. Bitcoin's price remains volatile, and the $62,600 level could act as a short-term floor — or a springboard for another leg down if tensions escalate.
