Bitcoin's price remained resilient at approximately $90,000 despite heightened geopolitical tensions following the United States' military action in Venezuela. The cryptocurrency briefly dipped below this level on Saturday but quickly rebounded, maintaining its position above the 21-day moving average. This stability is notable as risk-on assets typically experience volatility during geopolitical crises.
The US launched airstrikes on Caracas, leading to the capture of Venezuelan President Nicolas Maduro, an event that dominated headlines but had minimal immediate impact on Bitcoin's price. Analysts suggest that while Bitcoin's price has remained stable over the weekend, increased volatility may occur as institutional investors react to the news when markets open on Monday. Bitcoin's recent price movements have seen it recover from a low of $80,000 in November, following a significant decline from its all-time high above $125,000.
Bitcoin Holds Steady at $90,000 Amid US-Venezuela Tensions
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