According to a cryptocurrency analyst, despite Bitcoin’s volatility in times of geopolitical unrest, the price will not fall following the US attack on Venezuela.
“I don’t think we’ll see a widespread correction based on the attack in Venezuela on Bitcoin,” MN Trading Capital founder Michael van de Poppe said On Saturday, a X was posted.
US airstrikes on Venezuela reportedly took place around 6 a.m. Saturday UTC. lasted Around 30 minutes. Van de Poppe predicts that this event will have no direct impact on Bitcoin.BTCIt was not a good price. “planned and coordinated attack” The one who has “already passed us.”
He claimed that he could not predict the future. “more negativity on the markets” From the event “relatively slim.”
Bitcoin struggles when there is geopolitical unrest
Bitcoin’s value has been relatively stable in the last 24 hour, increasing by 1.66% and regaining the $90000 mark, currently trading at $91,290. according CoinMarketCap.
CoinGlass data indicates that during the last 24 hour, 60.04 Million dollars in Bitcoin leveraged position liquidations were made, of which $55.01 millions was shorts. shows.
Bitcoins’ price dropped in several cases due to geopolitical tensions escalating, such as those between Iran and Israel or Russia and Ukraine.
Bitcoins have proven to be a successful currency “stay firm” Above $90,000.
Bitcoin dropped 2.8% in June 2025. $106,042 to $103,053 Israel claimed responsibility for the explosions that occurred in Tehran 90 minutes after they happened.
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Tyler Hill, a crypto analyst who shares the same sentiment as van de Poppe said, “generally the market really nukes when we expect things to get worse afterwards which doesn’t seem to be the case.”
“Could see this actually bring some green to the market as people take this as a sign of strength though,” Hill added.
Shagun Makin, a crypto-analyst said Bitcoins has shown that it is possible “stay firm” despite “geopolitical noise,” Confidence that the price will stay over $90,000.
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Source: cointelegraph.com
