Bitcoin traded steadily around $90,000 over the weekend, showing limited reaction to escalating geopolitical tensions following US airstrikes on Venezuela.
The cryptocurrency briefly slipped below $90,000 early Saturday before recovering and returning to that level.
“The US bombed a country and captured its leader, on a weekend no less, and yet Bitcoin has barely moved,” Nic Puckrin, market analyst and founder of crypto media outlet Coin Bureau, said in a post on X.
Analyst Michaël van de Poppe noted that Bitcoin is trading above its 21-day moving average. Remaining above this short-term support could indicate further price gains in January, he said.
Bitcoin’s resilience is notable because risk-on assets, including cryptocurrencies, often sell off sharply during geopolitical crises or major macroeconomic shocks.
US President Donald Trump on Saturday announced airstrikes on Venezuela’s capital, Caracas, which the US said led to the capture of Venezuelan President Nicolás Maduro. The move sparked a wide range of reactions online, from support to strong criticism, but has so far had limited impact on broader financial markets.
“There’s a lot of geopolitical tension, and next week the big players will return. So we’ll probably see more volatility in Bitcoin after the weekend,” crypto market analyst and trader Lennaert Snyder said.
Institutional investors in traditional markets typically do not trade on weekends, nights, or holidays. Market participants warn that these investors could still react to the Venezuela developments when US markets reopen on Monday, potentially selling risk assets and increasing volatility.
Any renewed selling would add to pressure stemming from Bitcoin’s recent downturn. A sharp “flash crash” in October interrupted its previous rally and triggered a broader correction.
From an all-time high above $125,000, Bitcoin fell more than 30% to a low of about $80,000 in November before rebounding to the current $90,000 area.
Related coverage referenced by analysts includes the rapid expansion of US national debt and ongoing debates over whether the Venezuela conflict could further unsettle global markets and digital assets.