Bitcoin (CRYPTO:BTC) is unlikely to face a sharp sell-off following the US military strike on Venezuela, according to market analysts monitoring geopolitical risk.
Analysts said the attack does not appear to pose an immediate threat to broader financial markets or crypto sentiment.
Bitcoin has historically reacted to geopolitical shocks, but recent price behaviour suggests resilience rather than panic.
I don't think we'll see a widespread correction based on the attack in Venezuela on Bitcoin.
Michael van de Poppe said.
Van de Poppe added that the strike was “planned and coordinated” and that the event had effectively already been absorbed by the market.
He said the likelihood of sustained negative market reaction linked to the incident remained relatively low.
The US strike on Venezuela reportedly began at around 6:00 a.m. UTC on Saturday and lasted approximately 30 minutes.
Bitcoin’s price showed limited reaction in the hours following the reports of military action.
Over the past 24 hours, Bitcoin rose around 1.6% and moved back above the $90,000 level.
At the time of publication, Bitcoin was trading close to $91,300, according to market data.