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Bitcoin tops $91,000, Ether and XRP advance after Trump speech on Venezuela attack

Crypto Briefing
Bitcoin surpassed $91,000, leading a broader crypto market rally following geopolitical news involving the US and Venezuela.

Summary

Bitcoin surged past $91,000, reaching its highest value since December 12, contrary to expectations of a pullback after the US military intervention in Venezuela and President Trump's address. The rally lifted other major cryptocurrencies, including Ether, XRP, BNB, and Solana, contributing to a 1% rise in the total crypto market cap to $3.2 trillion. Trump stated the US would oversee Venezuela until a secure transition of power, claiming Venezuelan leader Nicolás Maduro was captured and faces charges in New York. While the crypto market reacted, the biggest expected impact is on oil prices due to potential geopolitical risk and supply disruption fears. Trump's plan involves deploying US oil majors to repair Venezuela's energy infrastructure, which holds the world's largest oil reserves.

(Source:Crypto Briefing)