On Monday, the Bitcoin price struck its highest level in three weeks, reacting to rising geopolitical tension following the US operation to oust and capture Venezuelan President Nicolás Maduro, reports Bloomberg.
At the start of the Asian session, the largest cryptocurrency advanced by 2.3%, reaching $93,323. This is the highest reading since December 11. However, by the time the note was published, the digital currency had weakened to $92,560.
Events in Venezuela spurred a capital inflow into traditional safe-haven assets, to which Bitcoin also now joined. Gold appreciated by 2%, surpassing $4,400 per ounce. Silver jumped by 4.8%.
Concurrently, Asian stock markets are also setting new records, but their impetus remains the technology and artificial intelligence boom.
According to Sean McNalty, a senior manager at FalconX, the current ascent is being driven by specialized crypto firms. A significant element was the absence of active selling from miners, major family offices, and investment funds.
Bitcoin concluded 2025 with a decline of 6.5%, missing the “Christmas rally” in the stock market, despite Donald Trump’s pro-cryptocurrency policies. Nevertheless, investor sentiment could shift. Traders are watching for a breach of the $94,000 level. Key support resides at the $88,000 mark.
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