Finance

Bitcoin’s back above $92,000, but all anyone’s talking about is Venezuela.

Bitcoin’s price saw gains on Monday, moving in sync with a broader uptrend in technology shares. However, the cryptocurrency’s advance remained subdued as markets weighed the potential repercussions of recent U.S. military action in Venezuela.

Market attention this week is also directed toward several major economic data releases, with the U.S. December employment report standing as the most significant indicator.

As of early Monday trading, Bitcoin was up 1.1%, trading at $92,264.5.

The digital asset found support from a rally in tech stocks, a sector it often follows, fueled by growing investor enthusiasm around artificial intelligence developments. This positive sentiment lifted the wider cryptocurrency market as well.

Despite the daily gain, Bitcoin is grappling with a 6.4% decline for the year 2025. Investor interest in digital assets cooled considerably during the latter half of the year amid increasing scrutiny over the industry’s future trajectory.

Markets Monitor Venezuela Fallout After Maduro Detained

The cautious market mood, limiting crypto gains, stems from the uncertain aftermath of a U.S. operation in Venezuela that led to the capture of President Nicolás Maduro. Video evidence shows Maduro detained in New York, where he is expected to face judicial proceedings.

U.S. President Donald Trump stated that Washington would oversee governance in Venezuela until a new election is held and announced intentions to liberalize the country’s oil sector.

The international response has been divided. While several Latin American neighbors, alongside Russia and China, have condemned the intervention.

Further amplifying geopolitical tensions, President Trump hinted at potential similar actions against Colombia and Cuba, and also referenced the possibility of moves against Iran.

Also Read  Navigating Market Volatility: Strategies for Uncertain Times

The instability triggered by the Venezuela event bolstered demand for traditional safe-haven assets, with both gold and the U.S. dollar attracting strong buying interest.

Leave a Reply

Your email address will not be published. Required fields are marked *