Bitcoin Surges Near $93,000 as U.S. Ousts Maduro, Market Reacts Positively
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Benzinga
- Bitcoin Surge: Bitcoin's price increased nearly 4% to approach $93,000 following U.S. military actions in Venezuela, indicating a strong market response to geopolitical changes that may attract more investors to cryptocurrencies.
- Market Volatility: Over $117 million in short positions were liquidated in the last hour, demonstrating significant buying pressure that could lead to further price increases in the short term, enhancing market confidence.
- Ethereum Breakthrough: Ethereum reached an intraday high of $3,210 after breaking through the critical resistance at $3,100, showcasing strong market demand that may attract more capital into the asset.
- Global Market Cap Growth: The global cryptocurrency market capitalization rose to $3.13 trillion, increasing by 0.68% in the last 24 hours, reflecting sustained investor interest and confidence in crypto assets, potentially driving future market expansion.
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About SOL
Emeren Group Ltd is a renewable energy company. The Company is a global solar and energy storage project developer, owner and operator with a pipeline of projects and IPP assets of more than seven gigawatts (GW) in solar projects and an energy storage pipeline of over 10 GWh across Europe, North America, and Asia. The Company develops and sells solar and storage power projects or project special purpose vehicles (SPVs) (project development business); provides engineering, procurement and construction (EPC business); owns and operates solar power projects and sells the electricity generated by its operated solar power plants (IPP business), and provides project development services (DSA business). The Company conducts the IPP business, EPC business, DSA business and project development business in a number of countries, including the United States, Poland, Hungary, Spain, France, United Kingdom (UK), Germany, Italy, Luxembourg and China.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
