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Is Crypto's Weekend Drop a Preview of Monday? Houthis Target Riyadh, Trump Weighs Iran
Published Source: BeInCryptoRead original
Crypto Insight Summary: Cryptocurrency markets absorbed a weekend of escalation in the Middle East alone. The global market cap fell by 4% to $2.76 trillion, while oil, bond, and equity markets remained closed. Houthi forces struck the Saudi capital Riyadh on Saturday. The US has also warned that the conflict has “the potential to escalate rapidly.” Oil Closed Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Middle East tensions drive risk-off sentiment, but crypto markets are less reactive than traditional assets.