Houthis target Riyadh and Aramco facilities as crypto market cap falls 4%

  • Houthi forces claimed missile and drone attacks on sensitive sites in Riyadh and an Aramco facility in Yanbu.
  • Global cryptocurrency market capitalization fell 4% to $2.76 trillion, with Bitcoin near $80,354.
  • Saudi response and Monday’s oil, bond and equity openings will indicate how markets assess the escalation.

Houthi forces said they attacked sensitive sites in Riyadh with missiles and drones and separately targeted an Aramco facility in Yanbu, while the Saudi-led coalition said its air defenses destroyed a missile fired toward the capital. The attacks intensified concerns over Saudi energy infrastructure, Red Sea shipping and regional escalation. Global cryptocurrency market capitalization fell 4% to $2.76 trillion while traditional markets were closed. Bitcoin traded near $80,354, down 0.9% over 24 hours but up 3.9% for the week, while smaller tokens declined more sharply. Friday trading had placed Brent crude at $103.87 and West Texas Intermediate at $100.30, both down for a third consecutive session, leaving Monday’s open as the next test of whether traditional markets validate crypto’s weekend repricing. Saudi Arabia was preparing a significant response, and market pricing cited in the reports put the probability of the Saudi Oil Pipeline restarting by September 30 at 34%, down from 54%.

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