Crypto Selloff, Oil Risks & Stocks: Trade on STRATO
Summary
STRATO shares a weekend market update as Bitcoin briefly fell to $79,460 and crypto liquidations reached $837 million across more than 227,000 traders. The announcement also covers Middle East tensions, Brent crude at $116.72, and a 2.7% drop in Saudi Arabia’s benchmark index, inviting the community to make predictions on STRATO Odds.
NEW: Weekend crypto selloff triggers massive liquidations as Middle East tensions deepen
Crypto: Bitcoin briefly fell below $80,000 on Saturday, reaching approximately $79,460, while Ethereum dropped 4.7% to $2,289. The selloff triggered $837 million in liquidations across more than 227,000 traders, with long positions accounting for 82.8% of losses. Both assets recovered some ground overnight, with BTC trading near $80,800 and ETH around $2,370 early Sunday.
Oil: Saudi Arabia intercepted another wave of missiles and drones as Houthi attacks continued over the weekend. Riyadh’s main airport partially reopened Sunday despite renewed threats. Brent crude last settled at $116.72 per barrel on Friday, up 6% for the week. Further disruptions could add pressure when oil markets reopen.
Stocks: Saudi Arabia’s benchmark index fell 2.7% on Sunday, its worst session in 18 months, as escalating regional tensions unsettled investors. Saudi Aramco declined 0.9%, highlighting growing concerns about the conflict’s economic impact.
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