BTC tapped a brand new multi-week peak after the assaults.
Following the primary shock retracement after the preliminary explosion in Venezuela’s capital Caracas, bitcoin’s worth really rebounded instantly and surged to nearly $91,800 to mark its highest worth stage since December 12.
Thus, the cryptocurrency added nearly three grand for the reason that assaults started from backside to prime earlier than it retraced barely to round $91,300 as of press time.
BREAKING: Bitcoin surges above $91,000 as over $60 million value of levered shorts are liquidated in 1 hour.
Bitcoin is now up +$3,000 for the reason that lows seen after the US started strikes on Venezuela final evening. pic.twitter.com/ahNdYesrrD
— The Kobeissi Letter (@KobeissiLetter) January 4, 2026
Actually, a lot of the digital asset market is within the inexperienced now, which is the one one open through the weekends. Two of the tokens linked to the US President, WLFI and TRUMP, are among the many greatest gainers, with the previous skyrocketing by 14%, whereas the latter is up by almost 7%.
Given the consequences of the attack and the truth that Trump stated the US will run the Venezuela oil trade for now, analysts anticipate additional volatility on Sunday at 6 PM ET when the oil futures open in some markets.
The Kobeissi Letter defined that Venezuela has over 300 billion barrels of crude oil reserves, which is able to reportedly be below US management. With oil costs at $57 per barrel, this is able to put the nation’s complete reserves at $17.3 trillion.
The analysts added that even when the US sells this oil for half the market charge, the worth of $8.7 trillion can be bigger than the GDP of all nations besides China and the US. Consequently, they famous that “most individuals don’t understand how a lot the world simply modified,” and warned that extra volatility is anticipated as soon as monetary markets, particularly oil, open for buying and selling.
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That is completely insane:
Venezuela at the moment has 303 billion barrels of crude oil reserves, which Trump says the US now controls.
Oil costs are buying and selling at ~$57/barrel, making Venezuela’s complete reserves value $17.3 TRILLION.
Even when the US sells this oil for HALF of the…
— The Kobeissi Letter (@KobeissiLetter) January 3, 2026
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