Following the primary shock retracement after the preliminary explosion in Venezuela’s capital Caracas, bitcoin’s value truly rebounded instantly and surged to nearly $91,800 to mark its highest value stage since December 12.
Thus, the cryptocurrency added nearly three grand because the assaults started from backside to high earlier than it retraced barely to round $91,300 as of press time.
BREAKING: Bitcoin surges above $91,000 as over $60 million price of levered shorts are liquidated in 1 hour.
Bitcoin is now up +$3,000 because the lows seen after the US started strikes on Venezuela final night time. pic.twitter.com/ahNdYesrrD
— The Kobeissi Letter (@KobeissiLetter) January 4, 2026
In truth, many of the digital asset market is within the inexperienced now, which is the one one open throughout the weekends. Two of the tokens linked to the US President, WLFI and TRUMP, are among the many largest gainers, with the previous skyrocketing by 14%, whereas the latter is up by almost 7%.
Given the results of the assault and the truth that Trump stated the US will run the Venezuela oil business for now, analysts count on additional volatility on Sunday at 6 PM ET when the oil futures open in some markets.
The Kobeissi Letter defined that Venezuela has over 300 billion barrels of crude oil reserves, which can reportedly be beneath US management. With oil costs at $57 per barrel, this might put the nation’s complete reserves at $17.3 trillion.
The analysts added that even when the US sells this oil for half the market fee, the worth of $8.7 trillion could be bigger than the GDP of all international locations besides China and the US. Consequently, they famous that “most individuals don’t understand how a lot the world simply modified,” and warned that extra volatility is anticipated as soon as monetary markets, particularly oil, open for buying and selling.
That is completely insane:
Venezuela presently has 303 billion barrels of crude oil reserves, which Trump says the US now controls.
Oil costs are buying and selling at ~$57/barrel, making Venezuela’s complete reserves price $17.3 TRILLION.
Even when the US sells this oil for HALF of the…
— The Kobeissi Letter (@KobeissiLetter) January 3, 2026
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