Bitcoin fell to as low as $61,688 as reports of strikes in Iran and a separate Iranian missile attack on Jordan intensified geopolitical risk, while a U.S. Treasury move against Nobitex heightened sanctions scrutiny on crypto.
Bitcoin dropped sharply from above $73,000 to as low as $61,688, a fall of roughly 15%, as Iran-related military escalations rattled risk sentiment and triggered more than $1 billion in crypto liquidations. One report cited Iranian state television saying enemy projectiles hit military sites in Bushehr province, home to Iran’s only operational nuclear power plant, though local officials said the reactor core was not damaged and U.S. officials denied conducting recent strikes on Iranian territory. A separate report said Iran fired about 10 ballistic missiles at Jordan on July 9 targeting Muwaffaq Salti Air Base, with Jordan saying it intercepted eight, that three landed on Jordanian soil, and that there were no casualties or reported damage. The market stress coincided with a U.S. Treasury sanctions action against Nobitex, described as Iran’s largest cryptocurrency exchange, reinforcing concerns that escalating conflict could tighten sanctions enforcement and compliance demands across crypto markets.