Bitcoin Holds Above $90,000 Despite US Military Strike on Venezuela

Bitcoin Shows Resilience Amid Geopolitical Tensions

Bitcoin maintained its position above $90,000 over the weekend despite US military strikes on Venezuela that resulted in the capture of President Nicolás Maduro, demonstrating unexpected stability during a period of heightened geopolitical tensions.

The cryptocurrency rose 1.66% to trade at $91,290 following the Saturday morning strikes ^[1], while other sources reported prices around $91,231 ^[2] and $91,500 ^[3]. This resilience stands in contrast to Bitcoin's historical tendency to decline sharply during geopolitical crises.

"The US bombed a country and captured its leader, on a weekend no less, and yet Bitcoin has barely moved," said Nic Puckrin, market analyst and founder of crypto media company Coin Bureau ^[4].

Analysts Predict No Major Correction

Crypto analysts expressed confidence that the Venezuelan situation would not trigger a widespread market correction. Michael van de Poppe, founder of MN Trading Capital, stated he does not expect a significant Bitcoin correction based on the Venezuela attack, noting it was a "planned and coordinated attack" that has "already passed us" ^[1].

Van de Poppe argued that the probability of "more negativity on the markets" from the event remains "relatively slim" ^[1]. Fellow analyst Tyler Hill echoed this sentiment, suggesting the market typically experiences severe downturns "when we expect things to get worse afterwards which doesn't seem to be the case" ^[1].

Liquidations and Market Activity

Despite the price stability, significant liquidations occurred in the cryptocurrency markets. Within 24 hours, $60.04 million in Bitcoin leveraged positions were liquidated, with short positions accounting for $55.01 million ^[1]. Broader market liquidations reached approximately $145 million ^[3].

Trading volume declined 45% to $26.7 billion ^[2], though this reduction may reflect typical weekend trading patterns when institutional investors are less active.

Genesis Day Celebrations

The weekend also marked Bitcoin's "Genesis Day," commemorating the January 3, 2009 mining of the first Bitcoin block by pseudonymous creator Satoshi Nakamoto ^[2]. Paolo Ardoino, CEO of stablecoin issuer Tether, and Sam Callahan, director of strategy and research at OranjeBTC, both celebrated the occasion on social media ^[2].

Historical Context and Future Outlook

Bitcoin has previously experienced sharp declines during geopolitical crises. In June 2025, the cryptocurrency fell 2.8% within 90 minutes following explosions in Tehran, dropping from $106,042 to $103,053 ^[1]. Similar volatility occurred during tensions involving Russia and Ukraine, as well as Iran and Israel ^[1].

Crypto analyst Shagun Makin noted that Bitcoin has proven it can "stay firm" despite "geopolitical noise," reinforcing confidence in its ability to maintain levels above $90,000 ^[1].

Some analysts suggested that securing Venezuela's oil reserves could lead to lower energy costs and reduced inflation in the United States, potentially enabling looser monetary policy that could benefit risk assets like Bitcoin ^[3].

Market analyst Lennaert Snyder cautioned that increased volatility may emerge when institutional investors return to trading following the weekend, as "big players" could still react to the geopolitical developments when US markets open ^[4]. Bitcoin currently trades above its 21-day moving average, a technical indicator suggesting potential for continued price appreciation if maintained ^[4].