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Bitcoin’s price recovery stalled on Saturday morning after it fell below $90,000 from a peak of nearly $91,000 in recent weeks, a drop that coincided with media reports that residents of Venezuela’s capital, Caracas, were feeling an explosion.
According to reports, the cause of the explosion was not initially officially clarified, but it was related to speculation about possible military escalation, especially considering that US President Trump had previously warned of military operations in Venezuela and the Caribbean.
There were also reports of power outages in several areas of the city and the sound of planes over the capital.
At the crypto market level, Bitcoin was quickly affected by these developments, losing more than a thousand dollars in less than an hour after the news broke, falling to around $89,500 after approaching $90,500.
The move reiterates the sensitivity of digital currencies, especially Bitcoin, to geopolitical events and international tensions, as volatility levels in riskier assets tend to rise when there are any signs of escalation or sudden instability.
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