Bitcoin retreated slightly but remained above the $90,000 key level. Bitcoin hit a seven-week high on Monday after the US took military action over the weekend to overthrow Venezuelan President Nicolas Maduro. News about Venezuela has sparked market speculation that the US may seize Bitcoin holdings in Venezuela, causing a supply shock and causing prices to rise. Other analysts, however, pointed to improved risk appetite and professional services firm PwC expanding its cryptocurrency audit and consulting business in response to increased regulatory clarity. Bitcoin fell 0.8% to $93,253, after hitting a high of $94,725 on Monday, according to data from the London Stock Exchange Group.

Bitcoin retreated slightly but remained above the $90,000 key level. Bitcoin hit a seven-week high on Monday after the US took military action over the weekend to overthrow Venezuelan President Nicolas Maduro. News about Venezuela has sparked market speculation that the US may seize Bitcoin holdings in Venezuela, causing a supply shock and causing prices to rise. Other analysts, however, pointed to improved risk appetite and professional services firm PwC expanding its cryptocurrency audit and consulting business in response to increased regulatory clarity. Bitcoin fell 0.8% to $93,253, after hitting a high of $94,725 on Monday, according to data from the London Stock Exchange Group.