Oil price drop after Venezuela’s Maduro capture reshapes macro backdrop and favors Bitcoin
When oil futures opened on Monday after the U.S. captured Venezuelan president Nicolás Maduro over the weekend, crude prices unexpectedly slipped while Bitcoin traded in the low $90,000s and moved higher. Markets are treating the event as a long-term supply story that could ease inflation and rate pressures, which may give Bitcoin more room as a high-beta macro asset, provided weaker oil reflects future supply rather than collapsing demand.