What is the latest on bitcoin prices?

Asked 2 days ago

Answer

Bitcoin trades near $93,000, buoyed by positive market sentiment following news from Venezuela. The prospect of increased oil supply is seen as disinflationary and supportive for risk assets like cryptocurrencies. The recent rally triggered short liquidations and signals a risk-on environment, benefiting Bitcoin and major altcoins.

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Bitcoin trades near $93,000 amid Venezuela headlines

CNBC · Current

CNBC

Current

Bitcoin and other cryptocurrencies rose after Venezuela-related headlines
Traders expect more oil supply, easing inflation and boosting risk assets 17s
Venezuela has used crypto to counter Bolivar inflation and evade sanctions 1m 19s
Short liquidations occurred as bearish bets were wiped out in the rally 57s
Altcoins like XRP also saw strong gains, signaling a risk-on environment 2m 9s

References

Bitcoin trades near $93,000 amid Venezuela headlines

CNBC

2 days ago

Bitcoin trades near $93,000 amid Venezuela headlines

Bitcoin is trading close to $93,000 as traders speculate that the U.S. capture of the Venezuelan president could increase oil supply, lower energy prices, and ease inflation concerns, which is positive for cryptocurrencies.

CNBC

2 days ago

Bitcoin trades near $93,000 amid Venezuela headlines

Bitcoin has reclaimed its 50-day moving average, signaling short-term momentum, and is benefiting from improved risk appetite as crude prices fall.

CNBC

2 days ago

Bitcoin trades near $93,000 amid Venezuela headlines

The current environment is seen as disinflationary and risk-on, which is bullish for Bitcoin and the broader crypto market.

What is the latest on bitcoin prices?

Answer

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References

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