Bitcoin's Spot Price Remain Solid Despite US Attack on Venezuela
Bitcoin's price held firm around $90,000 despite major geopolitical tensions involving a US attack on Venezuela.Summary
The price of Bitcoin (BTC) remained resilient, trading around $90,000 despite significant geopolitical tension following an alleged US attack on Venezuela and the capture of President Nicolas Maduro on a Saturday. Market analysts noted that Bitcoin barely moved despite the major headlines, which is unusual for a risk-on asset during a geopolitical crisis. Analyst Michaël van de Poppe suggested that if BTC remains above its 21-day moving average, it signals continued appreciation in January. However, analysts like Lennaert Snyder cautioned that institutional investors, who typically return on Monday, might react to the news by selling assets, potentially increasing volatility and adding to selling pressure following a previous 30% decline from its all-time high in November.
(Source：Cointelegraph)