Bitcoin Holds Near $90K Amid US-Venezuela Tensions
Following planned US military strikes in Venezuela, Bitcoin rose to over $91K, with analysts noting muted volatility and limited risk of extended market correction.
Bitcoin maintained strength above $90,000 after US strikes on Venezuela early Saturday, rising 1.50% to $91,320 per CoinGecko data. Analysts, including Michaël van de Poppe, said the attack was planned and unlikely to trigger widespread correction. CoinGlass reported $60 million in Bitcoin liquidations over the past 24 hours, with $55 million from short positions. Historical conflict-related drops have been sharper, such as a 3% fall after explosions in Tehran in June 2025. The strikes coincided with the US national debt surpassing $38 trillion and Bitcoin’s 'Genesis Day' celebrations, with community sentiment remaining largely calm.
- Genesis Block: The first block mined on the Bitcoin blockchain by its creator, marking the start of Bitcoin’s network.
- Liquidation: The forced closing of a trading position, often due to insufficient margin, which can contribute to market volatility.