BTC reached $91,000 yesterday, but progress was halted.
Bitcoin’s price recovery was halted earlier on Saturday morning as its value fell from its multi-week peak of $91,000 to below $90,000.
The latest rejection came after messages arose about several explosions felt in the Venezuelan capital Caracas, linked to possible attacks by the United States.
The cause has not yet been confirmed, but US President Donald Trump has repeatedly warned Venezuela of ground attacks and deployed a naval task force in the Caribbean. In addition, the BBC reported that the Trump administration was aware of the explosions today, but there has been no official statement yet.
The CNN added that several parts of the city were left without power after the explosions, and agency journalists said they could hear the sound of an airplane.
While it has not been confirmed that the strikes were initiated by the US, BTC’s price felt the impact immediately after the reports went live. The assets, which are prone to increased volatility in times of cross-country attacks, stood at around $90,500 after hitting $91,000 yesterday.
However, it dropped by more than a thousand dollars within an hour of the initial BBC and CNN reports and now stands at $89,500.
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