After Friday’s enhanced volatility following the US economic news, bitcoin’s price inched higher during the weekend and now sits above $85,000.
However, it almost feels like a familiar trap. History has shown that fluctuations ramp up on Monday morning after an eventful weekend in terms of new developments on the Middle East front.
The New Tension
Reports emerged yesterday claiming that US President Donald Trump’s top national security officials met at Camp David on Friday in a meeting that lasted hours and focused on the war against Iran. It was described as a “highly unusual meeting” that was not announced by the administration. However, one official claimed that “things were decided.” It was chaired by VP JD Vance, and some of the other attendees included CDI Director Ratcliffe and Joint Chiefs Chairman Gen. Caine.
The last similar meeting was in June 2025, just a few days before Israel attacked Iran. Asked about the meaning of the meeting and the US’s potential next move, the POTUS said, “If I told you, you would have a major story. But you will see.”
Later on, The Hormuz Letter added that Iran is “preparing for a fresh US bombing campaign greater than the last one.” One senior official warned that any new attack coming from US forces, whether by air or ground, will be treated as “all-out war and met with the ‘hardest’ response.”
The US has recently deployed nearly 10,000 troops, including 2,000 US Marines, to the Middle East aboard a third aircraft carrier and an amphibious landing group. It should arrive by November, while the midterm elections are scheduled for November 3. Trump previously said that new waves of attacks are likely to follow after the midterms.
Thirdly, Yemen’s Houthis struck a Saudi Aramco facility in Riyadh with ballistic missiles for the first time in over four years.
Calm Before the Storm?
All of these developments took place in the past 36 hours or so. Within this timeframe, BTC’s price has remained relatively calm and has increased slightly to over $85,000. However, history shows that the cryptocurrency tends to feel the actual consequences of escalating tension on Monday morning.
The latest such example was last week, when the POTUS rejected Iran’s peace deal offer on Saturday. Bitcoin stood still when the news went live but dumped by $2,000 on Monday morning when most traditional markets started to open.
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