Bitcoin rises to its highest level in 3 weeks after the arrest of the President of Venezuela
Bitcoin hit a 3-week high during Early Asian trading, today, Monday, amid the continued political uncertainty following the United States’ overthrow of Venezuelan President Nicolas Maduro.
The value of The most famous cryptocurrency in the world rose 2.3% to reach $93,323 on Monday morning, its highest level since December 11. Ethereum and other digital currencies also witnessed a slight rise.
This rise comes in light of a general positive atmosphere in Asian markets, where stocks recorded record levels driven by investments in the technology and artificial intelligence sectors.
The rise in the price of Bitcoin is currently attributed to so-called companies specialized in Cryptocurrencies, which focus specifically on digital assets, and the absence of selling operations by parties such as Bitcoin miners, family wealth management offices, and other major investment funds.
Bitcoin remained confined to a narrow trading range for weeks, lagging behind the wave of stock market recovery during the Christmas holiday, to end the year with a decline of 6.5%.
Weakness dominated Bitcoin’s performance during 2025 despite a series of political developments in The United States has been endorsed by President Donald Trump, who is known for his support of digital currencies.
On January 2, investors pumped a huge amount of $471 million into 12 US Bitcoin exchange-traded funds, the largest injection volume since November 11, indicating a possible shift in the public mood.
Traders are now waiting to see if Bitcoin can achieve a sustainable breach of the $94,000 level, with The $88,000 level is the key bearish level to watch.
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