cryptocurrency

Bitcoin Faces Scrutiny After Venezuela Attack, Analyst Says

According to market watchers, the US strikes on Venezuela early Saturday are not expected to push Bitcoin into a major selloff. The strikes took place around 6 a.m. UTC and lasted about 30 minutes, reports show.

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Michael van de Poppe, the founder of MN Trading Capital, wrote in X that he does not expect “widespread correction” tied to the attack, arguing that the event was planned and has already passed the market participants. Other analysts shared a similar view, saying that dramatic moves often come when traders anticipate the worst to come.

Bitcoin: Market Moves And Liquidations

Based on reports, Bitcoin is holding firmly above the $90,000 mark. CoinGecko data showed a rise of 1.50%, placing the token at $91,320 at press time.

CoinGlass statistics indicate nearly $60 million in Bitcoin positions were liquidated within the previous 24 hours, with nearly $55 million of that coming from short bets. That kind of forced selling can increase short-term volatility. However, the broader pattern this time around looks muted.

A Historic Decline Has Happened Quickly

There have been episodes where the conflict brought prices down quickly. In June 2025, for example, Bitcoin fell by almost three percent, from $106,000 to $103,000 within about 90 minutes after the explosion in Tehran.

Bitcoin is now trading at $91,563. Chart: TradingView

Traders point out that sudden movements often follow when markets fear further expansion. Here, many market watchers see little chance of a follow-up that could fuel panic.

Government Debt and Genesis Day Amid Market Noise

Based on reports, the US national debt surpassed $38 billion on Saturday, and the US National Debt Watch put it near $38.5 at the time. That milestone came as Bitcoin fans marked “Genesis Day,” the anniversary of the first block mined by Satoshi Nakamoto.

Paolo Ardoino, CEO of stablecoin issuer Tether, sent a celebratory message, while Sam Callahan, director of strategy and research at BTC treasury firm OranjeBTC, echoed the sentiment.

For many in the community, the capital embedded in the Genesis Block remains a symbol of a monetary system that is closed to supply and not under the same printing pressure as fiat.

Social Responsiveness and Context

Reports have shown certain events in the crypto space such as the strike and the rising US debt as separate but related issues. Several traders said the strike could bring “green” to the markets as investors interpreted the final action as a sign of control, a view expressed by analyst Tyler Hill.

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Meanwhile, others stressed that the market’s immediate response was calm rather than panic. Social posts and onchain streams have been watched closely by hedge funds and retailers alike.

Featured image from Unsplash, chart from TradingView



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