BITCOIN RISES ON U.S. ACTIONS IN VENEZUELA
Bitcoin and other cryptocurrencies gained Monday as traders reacted to the U.S. ousting of Venezuelan President Maduro. Speculation over possible seizure of Venezuela’s crypto—reportedly over 600,000 bitcoins—could reduce supply and boost prices, said TP ICAP’s Hina Sattar Joshi.
Bitcoin rose 1.6% to $92,730, hitting a near four-week high, while Ether climbed 0.5% to $3,158. The market also benefited from global stock gains and PwC expanding its crypto advisory services amid clearer U.S. stablecoin regulations. Analysts caution the crypto rebound may not be complete, with Bitcoin still well below its October record of $126,223.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
