Why Bitcoin Surged Nearly 5% Over This Weekend

It was an eventful weekend, to say the least. With the capture and ousting of Venezuelan president Nicholas Maduro, plenty of uncertainty heading into today's session left me considering whether cryptocurrencies would end the day higher or lower, given the mixed reaction to this very important news.

On that front, Bitcoin's (CRYPTO: BTC) price action is worth watching. As of 2:00 p.m. ET, the market's reaction to this weekend's action has been muted (if not positive), with Bitcoin surging 4.9% since Friday's close. That's a significant move, and one that has propelled the price of the world's largest digital asset back to nearly $95,000.

Let's dive into this weekend's happenings and what investors are considering when it comes to the investing thesis around Bitcoin today.

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Source Fool.com