Bitcoin's price is currently holding steady around $90,000, even as the United States launched airstrikes against Venezuela, leading to the capture of President Nicolas Maduro. This situation unfolded early Saturday morning and has created significant media buzz, yet Bitcoin's response has been minimal, a rarity for risk-on assets during geopolitical turmoil.
Market analysts noted that the cryptocurrency briefly dipped below the $90,000 mark before regaining its footing. Nic Puckrin, a market analyst and founder of Coin Bureau, remarked on the surprising stability of Bitcoin amidst such significant events. Furthermore, Bitcoin remains above its 21-day moving average, which suggests potential for continued price appreciation in January if this trend persists.
Despite the geopolitical upheaval, financial markets have not shown drastic reactions. Analysts believe that institutional investors, who typically do not trade during weekends, may respond to this news when markets reopen on Monday, potentially increasing volatility and influencing Bitcoin's price direction.