Bitcoin prices slip as Asian stocks pull back from record highs, with oil prices dropping after Trump’s announcement of increased Venezuelan oil supply. Markets refocus on economic data and geopolitics.
President Trump’s announcement of securing Venezuelan oil has sparked speculation about the potential seizure of the country’s Bitcoin holdings, raising questions about the future of digital assets in international conflicts.
The US’s control of Venezuela’s $17 trillion oil reserves could have unexpected benefits for Bitcoin, driving it as a safe haven and decentralized asset in a volatile market.
The US strike on Venezuela has led to a decline in oil prices, while the crypto market has held steady, with Bitcoin garnering attention as a potential safe-haven asset.