The crypto market experienced a relatively calm weekend, though macroeconomic developments threaten to introduce fresh volatility as traditional financial markets prepare to open on Monday morning.
Yemen's Houthis reportedly launched an attack on the King Khalid International Airport in Riyadh, Saudi Arabia. According to reports, at least 12 people were killed and over 300 injured. Saudi authorities have vowed to respond, while the Houthis have not yet commented on the incident.
Regional fighting has intensified over the past week, following separate Houthi strikes on two other Saudi airports on October 6 and 7 that resulted in three deaths. International authorities and U.S. Secretary of State Marco Rubio strongly condemned the attacks, with Rubio confirming the death of an American citizen.
U.S. President Donald Trump indicated that the United States may join strikes against the Houthis, stating that administration officials are reviewing the situation and will make a decision quickly.
Despite these geopolitical developments, the immediate impact on digital assets has been muted. Bitcoin has hovered close to $83,000, and most altcoins have traded sideways over a 24-hour period. However, analysts note that the full market reaction often materializes when standard financial markets open at the start of the week.
A similar pattern occurred the previous week, when Middle East tensions escalated over the weekend ahead of market fluctuations on Monday.
