Breaking News: Venezuela Explosion Triggers Bitcoin Plunge, Price Once Dropped Below $89,500

Affected by reports of multiple explosions in Caracas, the capital of Venezuela, Bitcoin's price halted its previous rally on Saturday morning. The asset, after struggling for weeks to reach a high of $91,000, has now fallen below $90,000.

The recent price movement of Bitcoin was directly triggered by sudden geopolitical news. According to international media such as BBC and CNN, after the explosion incidents in Venezuela, power outages occurred in the city, and现场记者 also heard the roar of aircraft.

Although the cause of the explosions has not been officially confirmed and there is no evidence indicating US involvement, the market remains highly sensitive to these events.

Previously, US President Trump repeatedly warned or threatened military action against Venezuela and has deployed naval forces in the Caribbean. Under tense circumstances, any sudden incident can be easily interpreted by the market as a signal of escalating conflict.

The market reacted even more intensely to this news. Less than an hour after the report was published, Bitcoin's price plummeted over $1,000 from around $90,500, once dropping below the $89,500 threshold.

This movement once again confirms that cryptocurrencies like Bitcoin act as amplifiers of macroeconomic uncertainty under geopolitical risks, serving as short-term safe havens and risk-off trading targets.

From a technical perspective, this decline caused Bitcoin to quickly retreat from the key resistance level of $91,000. It not only temporarily ended the hourly upward momentum but is also now retesting the critical support level of $90,000.

In summary, this event highlights the crypto market's vulnerability and sensitivity to sudden news during weekend periods when liquidity is weaker.

It also serves as a warning to investors that, beyond macroeconomic data and industry fundamentals, sudden geopolitical risks can significantly impact crypto assets, causing short-term sharp price fluctuations and market turbulence.