Buy CryptoMarketsSpotFuturesGOLDEarnEvent Centre
More
Gold vs Crypto
The post US President Trump Teases Venezuela Statehood, Bitcoin Plunge appeared on BitcoinEthereumNews.com. President Donald Trump teased the idea of Venezuela The post US President Trump Teases Venezuela Statehood, Bitcoin Plunge appeared on BitcoinEthereumNews.com. President Donald Trump teased the idea of Venezuela

US President Trump Teases Venezuela Statehood, Bitcoin Plunge

Author: BitcoinEthereumNews
Source: BitcoinEthereumNews
2026/03/17 13:39
2 min read
TRUMP
TRUMP$3,703-%2,91
PEOPLE
PEOPLE$0,007226-%3,24
TRUTH
TRUTH$0,009567-%0,61
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

President Donald Trump teased the idea of Venezuela becoming the 51st US state, sparking massive speculations. This comes amid Venezuela’s win over Italy in the World Baseball Classic (WBC) semifinal, advancing to face the United States in the final. However, the remark has triggered a pullback in Bitcoin price.

Donald Trump Proposes Venezuela as 51st US State

US President Donald Trump praised Venezuela defeating Italy by 4-2 in the WBC semifinal baseball game. He linked the win to US actions earlier in 2026, including the capture of former President Nicolas Maduro.

He said “They are looking really great. Good things are happening to Venezuela lately! I wonder what this magic is all about?” Trump ended his Truth Social post with “STATEHOOD, #51, ANYONE?” sparking massive reactions amid the Middle East geopolitical concerns.

Trump Calls Venezuela a 51st US State. Source: Truth Social

The Trump administration is currently working to restore Venezuela’s economy to benefit both the American and Venezuelan people. The US government and companies have signed multiple deals in Venezuela. The Trump administration facilitated a multimillion-dollar gold deal between the US and Venezuela.

Some people think that even if Venezuela wins against the United States, Trump will claim the trophy for America anyway. Either way, Trump is taking credit.

Bitcoin Price Pullsback 2%

Bitcoin witnessed an almost 2% pullback after Trump sparked the idea of Venezuela statehood, with the price currently trading at $74,275. The 24-hour low and high are $72,912 and $75,988, respectively. Furthermore, trading volume has increased by 69% in the last 24 hours.

Bitcoin in Hourly Timeframe

CoinGlass data also confirmed profit booking in the derivatives market. At the time of writing, the total BTC futures open interest slumped 2% to $50.69 billion in the last 24 hours. BTC futures OI on CME and Binance plunged more than 1.20% and 2.50%, respectively. This signals a negative sentiment ahead of the FOMC meeting.

CryptoQuant data revealed that whales accumulated massively during the recent Bitcoin price rally, with the exchange whale ratio reaching a six-year high to spark hints of a potential market bottom. However, short-term holders have sent over 37,500 Bitcoin to exchanges in the past 24 hours, marking the largest inflow since January 15.

Bitcoin Short-Term Holders Profit/Loss. Source: CryptoQuant

Source: https://coingape.com/us-president-trump-teases-venezuela-statehood-bitcoin-plunge/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Steel Dynamics (STLD) Stock Dips Following Disappointing Q1 Earnings Forecast

Steel Dynamics (STLD) Stock Dips Following Disappointing Q1 Earnings Forecast

Steel Dynamics (STLD) stock dropped 1.3% premarket after issuing Q1 EPS guidance of $2.73–$2.77, significantly below the $3.24 Wall Street consensus. The post Steel
Share
Blockonomi2026/03/17 21:45
Hadron Labs Launches Bitcoin Summer on Neutron, Offering 5–10% BTC Yield

Hadron Labs Launches Bitcoin Summer on Neutron, Offering 5–10% BTC Yield

Hadron Labs launches 'Bitcoin Summer' on Neutron, BTC vaults for WBTC, eBTC, solvBTC, uniBTC and USDC. Earn 5–10% BTC via maxBTC, with up to 10x looping.
Share
Blockchainreporter2025/09/18 02:00
EUR/CHF slides as Euro struggles post-inflation data

EUR/CHF slides as Euro struggles post-inflation data

The post EUR/CHF slides as Euro struggles post-inflation data appeared on BitcoinEthereumNews.com. EUR/CHF weakens for a second straight session as the euro struggles to recover post-Eurozone inflation data. Eurozone core inflation steady at 2.3%, headline CPI eases to 2.0% in August. SNB maintains a flexible policy outlook ahead of its September 25 decision, with no immediate need for easing. The Euro (EUR) trades under pressure against the Swiss Franc (CHF) on Wednesday, with EUR/CHF extending losses for the second straight session as the common currency struggles to gain traction following Eurozone inflation data. At the time of writing, the cross is trading around 0.9320 during the American session. The latest inflation data from Eurostat showed that Eurozone price growth remained broadly stable in August, reinforcing the European Central Bank’s (ECB) cautious stance on monetary policy. The Core Harmonized Index of Consumer Prices (HICP), which excludes volatile items such as food and energy, rose 2.3% YoY, in line with both forecasts and the previous month’s reading. On a monthly basis, core inflation increased by 0.3%, unchanged from July, highlighting persistent underlying price pressures in the bloc. Meanwhile, headline inflation eased to 2.0% YoY in August, down from 2.1% in July and slightly below expectations. On a monthly basis, prices rose just 0.1%, missing forecasts for a 0.2% increase and decelerating from July’s 0.2% rise. The inflation release follows last week’s ECB policy decision, where the central bank kept all three key interest rates unchanged and signaled that policy is likely at its terminal level. While officials acknowledged progress in bringing inflation down, they reiterated a cautious, data-dependent approach going forward, emphasizing the need to maintain restrictive conditions for an extended period to ensure price stability. On the Swiss side, disinflation appears to be deepening. The Producer and Import Price Index dropped 0.6% in August, marking a sharp 1.8% annual decline. Broader inflation remains…
Share
BitcoinEthereumNews2025/09/18 03:08