Risk-on asset markets tend to react negatively to geopolitical shocks, macroeconomic turmoil, and other negative news events.
The price of Bitcoin (BTC) remained firm at about $90,000, despite geopolitical tensions between the United States and Venezuela reaching a boiling point in the early hours of Saturday morning.
Bitcoin briefly fell below $90,000 on Saturday before climbing back up above the $90,000 level, where it is trading at the time of this writing.
“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 the crypto media company Coin Bureau, said in an X post.
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