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The value of bitcoin (BTC) remained stable at around $90000 despite the escalating geopolitical tensions between the United States and Venezuela peaking early Saturday morning.

Bitcoin briefly dipped below $90000 on Saturday, but then climbed back above that level, where it is trading at the time of publication.

The U.S. launched airstrikes on the country and captured its leader, all over the weekend, and bitcoin barely reacted, Nick Pakrin, market analyst and founder of crypto firm Coin Bureau, said in a post.

BTC is trading above its 21-day moving average, and if it manages to stay above this dynamic short-term support level, it will signal further gains in January, according to market analyst Michael van de Poppe.

The fact that the BTC price remains firm despite the recent geopolitical shock is important because risky assets, including BTC, are prone to sharp declines in response to geopolitical turmoil or macroeconomic factors.

US President Trump has announced an attack on Venezuela, but will the situation escalate?

US leader Donald Trump announced air strikes on the Venezuelan capital Caracas on Saturday, leading to the detention of President Nicolas Maduro.

The announcement drew mixed reactions online, ranging from approval to condemnation, but has not yet had a significant impact on financial markets. Geopolitical tensions are high and the big players will be back next week. So after the weekend, we’re likely to see a lot of volatility in bitcoin, said cryptocurrency market analyst and trader Lennaert Snyder.

Institutional investors in traditional marketplaces are usually inactive on weekends, nights or holidays. These large market participants may react to the news when U.S. trading opens on Monday by dumping assets and causing market volatility.

This could increase selling pressure, contributing to the recent bitcoin price decline that began after October’s flash crash, which undermined bitcoin’s positive price trend.