BTC falls below $90K on news of US airstrike in Venezuela

Bitcoin has fallen below $90,000 following news of a U.S. airstrike in Venezuela, Cointelegraph reports. The cryptocurrency reached approximately $90,940 before reversing and appears to be under short-term selling pressure from the geopolitical tensions. Many analysts believe the price drop will be temporary if the situation does not escalate further. Meanwhile, while gold is correcting after hitting an all-time high, Bitcoin has risen around 5% since Christmas, raising the possibility of a capital rotation from gold to BTC.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments