Despite the explosive news over the weekend regarding the U.S. intervention in Venezuela, the price of Bitcoin (BTC) has shown some resilience. Here’s an overview of the market following these events.
Bitcoin Holds Steady Despite U.S. Intervention in Venezuela
This weekend, the United States carried out a massive military operation in Venezuela, leading to the capture of President Nicolás Maduro and his wife, Cilia Flores, in Caracas.
While the operation itself has drawn mixed reactions from observers around the world, the cryptocurrency market’s reaction is also worth noting.
Thus, while the news was not explicitly welcomed, it was certainly not viewed negatively—at least not enough to cause the price of Bitcoin (BTC) to plummet. By the end of the week, the asset had indeed begun a slight recovery, after stabilizing around $87,000. Following a slight dip during the U.S. operation, BTC eventually rebounded and is currently trading at $92,400, up 3.2% since the events:
BTC price (hourly data)
While the rise itself is nothing extraordinary, it at least demonstrates a certain resilience in the face of an event that is far from insignificant. As for liquidations on leveraged products, volumes also remained negligible over the weekend.
Among the top 10 cryptocurrencies, this respite during the current period of uncertainty is also evident, as no asset has shown a decline over the past 24 hours:
Top 10 cryptocurrencies
On the stock market, markets were obviously closed over the weekend, but as Asia has already wrapped up its Monday session, the Nikkei 225 closed up 3.03%, while the Shanghai Stock Exchange rose 1.38%. Meanwhile, the CAC 40 and the DAX rose 0.43% and 0.57%, respectively, at the open.
As for oil, which is a major topic of discussion regarding Venezuela, Brent futures are down 0.74% over the past 24 hours, and WTI futures are down a similar 0.8%.
