Geopolitical escalation in the Strait of Hormuz could trigger a risk-off repricing in Bitcoin before traditional markets reopen on Monday.

"For U.S. investors, the oil move matters because higher fuel and transport costs can feed into inflation data. Federal Reserve officials consider inflation when deciding interest rates, while elevated borrowing costs can reduce investor demand for assets such as Bitcoin and technology stocks."

"The UAE accused Iran of attacking two ADNOC vessels in the Strait of Hormuz on Aug. 14, with no injuries reported, as tensions around the waterway continue building. Any Hormuz escalation over the weekend would hit Bitcoin first, since it is the only major asset still trading while everything else stays closed."