Bitcoin's price held above $85,000 over the weekend following Friday's market volatility tied to US economic data. However, recent geopolitical developments in the Middle East have raised concerns about potential price swings when traditional markets reopen Monday morning.
On Friday, US President Donald Trump's top national security officials held an unannounced, hours-long meeting at Camp David focused on Iran policy. The meeting was chaired by Vice President JD Vance and attended by CDI Director Ratcliffe and Joint Chiefs Chairman Gen. Caine. When asked about the purpose of the meeting, Trump stated, "If I told you, you would have a major story. But you will see."
The meeting recalled a similar gathering in June 2025, which preceded an Israeli attack on Iran. Reports indicate that Iran is preparing for a potential US bombing campaign and has warned that any new US military action would be treated as "all-out war" and met with the "hardest" response.
Military deployments have also escalated. The US has recently deployed nearly 10,000 troops to the Middle East, including 2,000 Marines, aboard a third aircraft carrier and amphibious landing group, with arrival expected by November.
Additionally, Yemen's Houthis struck a Saudi Aramco facility in Riyadh with ballistic missiles for the first time in over four years.
Historically, Bitcoin has experienced significant price movement on Monday mornings following eventful weekends involving Middle East developments. Last week, when the US rejected Iran's peace offer on Saturday, Bitcoin initially held steady but declined by approximately $2,000 when traditional markets opened on Monday.
