Is Bitcoin’s $85K Consolidation the Calm Before the Storm Amid Rising Middle East Tensions?

More volatility is expected on Monday morning after the latest weekend developments on the matter. After Friday’s enhanced volatility following the US economic news, bitcoin’s price inched higher during the weekend and now sits above $85,000. However, it almost feels like a familiar trap. History has shown that fluctuations ramp up on Monday morning after an eventful weekend in terms of new developments on the Middle East front. The New Tension Reports emerged yesterday claiming that US President Donald Trump’s top national security officials met at Camp David on Friday in a meeting that lasted hours and focused on the war against Iran. It was described as a “highly unusual meeting” that was not announced by the administration. However, one official claimed that “things were decided.” It was chaired by VP JD Vance, and some of the other attendees included CDI Director Ratcliffe and Joint Chiefs Chairman Gen. Caine. The last similar meeting was in June 2025, just a few days before Israel attacked Iran. Asked about the meaning of the meeting and the US’s potential next move, the POTUS said, “If I told you, you would have a major story. But you will see.” Later on, The Hormuz Letter a...