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Houthi attacks Saudi Arabia, Trump hints at US intervention, putting pressure on Bitcoin prices

2026-10-11 15:46:11
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Crypto markets were relatively calm over the weekend, but the escalating situation in the Middle East triggered new uncertainties.

As usual, Bitcoin and most cryptocurrency markets were relatively stable this weekend. However, a major macro event in the past few hours could disrupt this calm.

Saudi airport was attacked, regional conflict intensified

According to reports, Yemen's Houthi armed forces launched an attack on King Khalid International Airport in Riyadh, Saudi Arabia, killing at least 12 people and injuring more than 300 others. Saudi authorities have vowed to respond to the attack, but the Houthi militants have not yet commented.

Fighting in the region has been escalating in the past week. On October 6 and 7, Houthi forces launched separate attacks on two different Saudi airports, killing three others.

The international community strongly condemns that the United States may intervene in strikes against

International parties and U.S. Secretary of State Marco Rubio strongly condemns the recent attacks. Rubio even confirmed that a U.S. citizen was killed in the attack. At the same time, U.S. President Donald Trump hinted that the United States may join the strike against Houthi:

"There is a possibility that we will be involved. We will evaluate this. We have just learned of the recent attack and will make a decision as soon as possible. We acted very quickly."

Market response lags, Monday's volatility may be key

At present, the market reaction of Bitcoin and altcoins is unclear. Bitcoin prices remain around $83,000, with most altcoins moving sideways in the past 24 hours. However, historical experience shows that the real volatility tends to occur on Monday morning, when most financial markets begin to open.

Looking back at last week: Tensions in the Middle East rose sharply again over the weekend. Earlier, Trump's senior security officials held a meeting at Camp David on Friday to focus on war-related issues; Iran later said it was ready for a new round of U.S. air strikes.

Over the weekend, bitcoin prices fluctuated within a clear range and did not start to fluctuate violently until Monday morning-encountering a fierce sell-off after failing in its first attempt to break through.

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