Bitcoin tops $93,000 as markets digest US operations in Venezuela

Bitcoin rose above $93,000 on Sunday night, joining a broader "everything rally" that saw Ethereum and other major cryptocurrencies gain, alongside Asian equity markets like the Kospi and Nikkei. Analysts suggested this surge was partly due to fresh investor positioning at the start of the new year and continued institutional accumulation, with traders watching resistance around $95,000.

Crucially, market participants were monitoring U.S. operations in Venezuela, specifically the capture of Nicolás Maduro following a U.S. military operation, which analysts suggested was broadly interpreted as bullish for risk assets. This geopolitical event caused U.S. crude oil futures (WTI) and Brent crude to slip slightly and heightened concerns about potential conflict escalation with Iran.

Experts noted that cryptocurrencies served as the primary liquid venue for absorbing this weekend news. The market's next test will be the opening of U.S. equity markets, which will determine if the bullish sentiment regarding the Venezuela developments holds, alongside monitoring upcoming macroeconomic data like jobless claims.

(Source：The Block)