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The cost of Bitcoin (BTC) stayed around $90,000, even as political conflicts between the United States and Venezuela escalated to a critical level early Saturday morning.
Bitcoin briefly fell below $90,000on Saturday, prior to rising again above the $90,000 mark, where it is currently being traded as of this writing.
“The US bombed a nation and took its leader into custody, all over a weekend, yet Bitcoin has shown minimal change,” Nic Puckrin, a market analyst and founder of the cryptocurrency media firm Coin Bureau, stated on X.post.
BTC is currently trading above the 21-day moving average, and if it remains above this key fluctuating level, it suggests ongoing price growth during January,accordingto market analyst Michaël van de Poppe.
The price of BTC staying strong despite the recent geopolitical turmoil is notable because assets that are considered risk-on, such as BTC, usually experience abrupt changes.drops due to political conflicts or macroeconomic headwinds.
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U.S. President Trump declares an attack on Venezuela, but could tensions rise further?
US President Donald Trump announcedAirstrikes targeting Caracas, the capital of Venezuela, occurred on Saturday, leading to the arrest of Venezuelan President Nicolas Maduro.
The statement received a variety of responses on the internet, spanning fromsupport to condemnationbut has had minimal effect on financial markets so far.
“There is significant geopolitical tension, and the major players will come back next week. Therefore, we might experience increased volatility in Bitcoin after the weekend,” said crypto market analyst and trader Lennaert Snyder.said.
In traditional financial markets, institutional investors usually do not conduct trading on weekends, nights, or holidays. However, they might respond to news when the U.S. market opens on Monday by selling off assets, which can increase market fluctuations.
This may increase selling pressure, leading to Bitcoin’s recent drop in value, which started after aflash crash in Octoberwhich halted Bitcoin’s rising price trend.
The price of BTC dropped more than 30% from an all-time high above $125,000to a low of approximately $80,000 in November following the crash, then rising back to the $90,000 mark.
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