The recent military operation by the United States in Venezuela has caused a temporary fluctuation in the cryptocurrency market, particularly affecting Bitcoin (BTC). The U.S. government executed a significant strike early Saturday morning, capturing President Nicolas Maduro and his wife, Cilia Flores. This operation was unveiled by President Donald Trump, who stated that both individuals were apprehended and transported out of the country.
Following the announcement of the military action around 2 a.m. ET, Bitcoin experienced a slight decline, dropping approximately 0.5% to $89,300. However, by 9 a.m. ET, the digital asset had regained its footing, hovering just below the $90,000 mark.
The U.S. Attorney General Pam Bondi later confirmed that Maduro and Flores are facing serious charges, including drug trafficking and weapons violations, in the Southern District of New York. This significant geopolitical event has underscored the intertwining of global politics and the cryptocurrency landscape, as market reactions often reflect broader socio-economic developments.
As the news develops, President Trump is set to address the nation at a press conference scheduled for 11 a.m. ET, where further details regarding the implications of this military action may emerge. Investors and market analysts alike are closely monitoring how these events will influence Bitcoin and the wider cryptocurrency market in the coming days.
Overall, while the initial impact on Bitcoin was a minor dip, the swift recovery indicates a resilient market responding to external pressures. The cryptocurrency community continues to watch the unfolding situation in Venezuela, as geopolitical factors increasingly shape market dynamics.
