Cryptocurrency markets repriced Middle East risks over the weekend, with global market capitalization falling 4% to $2.76 trillion while oil, bond and equity markets were closed. Houthi forces said they attacked sensitive sites in Riyadh with missiles and drones, while the Saudi-led coalition said its air defenses destroyed a missile fired toward the Saudi capital. The Iran-backed group also claimed a strike on an Aramco facility at Yanbu. The reported Riyadh attack appeared to be the first claimed by the Houthis there since the current escalation began, changing the risk picture that traders had priced into Friday’s oil close. Brent crude settled at $103.87 and West Texas Intermediate at $100.30 on Friday, marking a third consecutive decline for both. Bitcoin traded near $80,354, down 0.9% over 24 hours but up 3.9% for the week, while Ethereum fell 1.29% to $2,586.72. Solana dropped 4.2% to $108.45 and Zcash declined 5.47% to $1,452.20, indicating broader risk reduction rather than a haven bid. The State Department’s Bureau of Consular Affairs urged Americans in the region to exercise heightened vigilance and warned of flight cancellations, airspace closures and travel disruptions. It said Iranian-supported Houthis had attacked Saudi Arabia, including civilian airports, and that Iran and groups supportive of Iran may target U.S. interests and businesses overseas. The bureau warned that the conflict had the potential to escalate rapidly. Trump said Thursday that he was weighing whether to restart large-scale attacks, while CNN national security analyst Alex Plitsas said Trump’s Camp David meeting was convened to review options for a strike in Yemen and cautioned that no decision had been made. Monday’s market open will show how traditional assets price the weekend’s developments. The response in Brent crude will indicate whether those markets validate crypto’s weekend repricing, while the Federal Reserve’s rate increase and signal of at least one more hike leave markets with limited room to absorb an oil shock.