Bitcoin Surges to $94,000 Amid Maduro Arrest
Economy
On Monday, Bitcoin rose 3.9% to reach $94,000 — its highest level since November 17. The market reacts to the arrest of Venezuelan President Nicolás Maduro and rumors of a possible seizure of up to 600,000 BTC from the country’s “shadow” reserve.
Bitcoin is trading around $94,000, breaking a key technical level closely watched by investors and traders.
The rise is driven by several factors:
the arrest of Nicolás Maduro and speculation about state-linked crypto reserves;
rising gold, silver, and stock prices amid global uncertainty.
Singapore-based company QCP noted in an analyst report market discussions about Venezuela’s “shadow” Bitcoin reserve — a hidden store of up to 600,000 BTC (around $60 billion), obtained from oil, gold, and USDT sales bypassing sanctions.
According to CNBC, after Maduro’s arrest, the US is considering confiscating these assets. If frozen, roughly 3% of the circulating Bitcoin supply could be removed for several years, potentially causing a sharp spike in the cryptocurrency’s price.
The rise is driven by several factors:
the arrest of Nicolás Maduro and speculation about state-linked crypto reserves;
rising gold, silver, and stock prices amid global uncertainty.
Singapore-based company QCP noted in an analyst report market discussions about Venezuela’s “shadow” Bitcoin reserve — a hidden store of up to 600,000 BTC (around $60 billion), obtained from oil, gold, and USDT sales bypassing sanctions.
According to CNBC, after Maduro’s arrest, the US is considering confiscating these assets. If frozen, roughly 3% of the circulating Bitcoin supply could be removed for several years, potentially causing a sharp spike in the cryptocurrency’s price.
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