$TRUMP
JUST IN: 🇺🇸🇻🇪 President Trump says the US will immediately begin refining and selling up to 50 million barrels of Venezuelan oil
President Trump has announced that the United States will start refining and selling up to 50 million barrels of Venezuelan oil 🛢️🇻🇪🇺🇸. At current market prices, this oil is worth roughly $2.95 billion 💰, making it a significant move in global energy markets.
Increasing oil supply could put downward pressure on energy prices ⛽📉. Lower fuel and electricity costs often boost economic confidence, encouraging both businesses and investors to take more risks. That could benefit risk assets like technology stocks and cryptocurrencies 📊🚀.
For Bitcoin ($BTC), cheaper energy is particularly important 🔋⚡. Mining operations use a lot of electricity, so lower costs can improve profitability, hash rate, and network stability.
While macroeconomic uncertainty and inflation still affect markets 🌍, more liquidity and confidence from moves like this could be positive for Bitcoin, supporting higher demand and stronger market sentiment 🟠💎.
