Bitcoin Price Stability Following US Strikes on Venezuela
- Bitcoin’s price rose by 1.66%, reaching $91,290 after the US strikes on Venezuela.
- Over the past week, Bitcoin has increased by approximately 4.19%.
- In the last day, $60.04 million in Bitcoin leveraged positions were liquidated, with shorts making up $55.01 million.
- Michael van de Poppe stated that a widespread correction in Bitcoin is unlikely following the geopolitical event.
- Analysts noted that Bitcoin has historically remained stable despite geopolitical tensions.
The recent US military action against Venezuela occurred around UTC and lasted for about half an hour, yet analysts believe it will not significantly impact Bitcoin prices due to its planned nature and swift execution.
Currently, Bitcoin appears resilient above $90,000, reinforcing confidence among investors as it navigates through geopolitical uncertainties.(Source)
