Despite the explosive news over the weekend with the US intervention in Venezuela, the price of Bitcoin (BTC) is showing some resilience. Here is an overview of the market following these events.
Bitcoin holds steady despite US intervention in Venezuela
This weekend, the US carried out an impressive military operation in Venezuela, leading to the capture of its president Nicolás Maduro and his wife Cilia Flores in Caracas.
While the operation itself has been met with mixed reactions from observers around the world, the reaction of the cryptocurrency market is also worth a look.
Although the news was not explicitly welcomed, it was not met with a negative reaction, at least not enough to cause the price of Bitcoin (BTC) to plummet. At the end of the week, the asset had indeed begun a slight recovery, after stabilizing at around $87,000. After a slight decline during the US operation, BTC finally rebounded and is now trading at $92,400, up 3.2% since the events:
While the increase itself is nothing extraordinary, it does show a certain resilience to an event that is far from insignificant. In terms of liquidations on leveraged products, volumes also remained anecdotal over the weekend.
Among the top 10 cryptocurrencies, this respite in the current period of uncertainty is also noticeable, with no values showing a decline over the last 24 hours:
The stock markets were obviously closed over the weekend, but with Asia already having finished its Monday session, the Nikkei 225 closed up 3.03%, while the Shanghai Stock Exchange rose 1.38%. For their part, the CAC 40 and the DAX rose 0.43% and 0.57% respectively at the opening.
Regarding oil, which is a major topic of discussion concerning Venezuela, Brent futures contracts are down 0.74% over 24 hours and WTI futures are down a similar 0.8%.
