Bitcoin's price fell below $80,000 for the first time in over a month, currently trading at $79,700, down 2.2% in 24 hours, influenced by weekend geopolitical pressures from the US withdrawal of personnel from the Middle East. Other major cryptocurrencies like Ethereum, XRP, and Solana also dropped by 3%-4%.

The Wall Street Journal reported on Saturday that the US is rapidly evacuating personnel from embassies and military bases across the Middle East due to intelligence indicating Iran is preparing attacks against Americans. Director of National Intelligence Jay Clayton noted in a Friday memo to Secretary of State Marco Rubio that Iran's plans for deadly attacks targeting US personnel have reached an advanced stage. Furthermore, President Donald Trump threatened at a rally in Florida on Friday to escalate the war against Iran again after the midterm elections in early November.