๐ข US Policy Shifts as Citgo Resumes Venezuelan Oil Purchases
๐ข Following the capture of President Nicolas Maduro, reports indicate that the United States sold the first batch of Venezuelan oil for $500 million. This occurs as oil, the world's second-largest asset by market cap, has risen nearly 14% since the start of 2026 amid geopolitical tensions. Citgo Petroleum has reportedly purchased Venezuelan crude for the first time in seven years, marking a major pivot in energy relations.
โ๏ธ The US strategy shifted after Nicolas Maduro was captured by American forces on January 3, 2026, under an order from President Trump. Currently held in the MDC in Brooklyn, he faces charges of narco-terrorism and cocaine importation conspiracy. During his court appearance, Maduro stated:
on January 5โ6, 2026. His next hearing is set for March 17, 2026, while Delcy Rodriguez serves as interim president.
๐งช Venezuelan oil from the Orinoco Belt is highly viscous and sour, requiring light American diluents like naphtha for transport and refining. According to Reuters, Citgo acquired a cargo of approximately 500,000 barrels of this dense crude. The Trump administration aims to leverage abundant light US oil to process these heavy Venezuelan blends, which was previously restricted by SEC or OFAC related sanctions.
๐ With spot prices for US oil up 13.96% this year and trading around $64.74, the influx of Venezuelan supply could exert downward pressure on global prices. Exxon and other major firms may see expanded roles as US interests are secured. Analysts suggest Venezuela could generate higher revenues than under previous sanctions, as oil is no longer sold at steep discounts.
๐ข Following the capture of President Nicolas Maduro, reports indicate that the United States sold the first batch of Venezuelan oil for $500 million. This occurs as oil, the world's second-largest asset by market cap, has risen nearly 14% since the start of 2026 amid geopolitical tensions. Citgo Petroleum has reportedly purchased Venezuelan crude for the first time in seven years, marking a major pivot in energy relations.
โ๏ธ The US strategy shifted after Nicolas Maduro was captured by American forces on January 3, 2026, under an order from President Trump. Currently held in the MDC in Brooklyn, he faces charges of narco-terrorism and cocaine importation conspiracy. During his court appearance, Maduro stated:
I am innocent.
on January 5โ6, 2026. His next hearing is set for March 17, 2026, while Delcy Rodriguez serves as interim president.
๐งช Venezuelan oil from the Orinoco Belt is highly viscous and sour, requiring light American diluents like naphtha for transport and refining. According to Reuters, Citgo acquired a cargo of approximately 500,000 barrels of this dense crude. The Trump administration aims to leverage abundant light US oil to process these heavy Venezuelan blends, which was previously restricted by SEC or OFAC related sanctions.
๐ With spot prices for US oil up 13.96% this year and trading around $64.74, the influx of Venezuelan supply could exert downward pressure on global prices. Exxon and other major firms may see expanded roles as US interests are secured. Analysts suggest Venezuela could generate higher revenues than under previous sanctions, as oil is no longer sold at steep discounts.
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๐ Bitcoin Finding Footing or Flirting with the Abyss: $72.8K as a New Lifeline
๐ As of 8 AM ET on February 4, 2026, Bitcoin is priced at $76,065, following a volatile 24-hour range between $72,863 and $79,113. With a market capitalization of $1.51 trillion and a trading volume of $74.04 billion, the digital pulse remains turbulent. While Jamie Redman notes hints of recovery, the technical landscape suggests that bears are still whispering from the shadows.
๐ The daily chart shows a descent characterized by lower highs and lower lows since the $97,900 peak. The recent low of $72,863 now serves as the critical boundary between a total breakdown and a potential bottom. Structural resistance has shifted, with former support zones at $80,000โ$81,000 and $88,000โ$90,000 now acting as formidable ceilings.
โ๏ธ On the 4-hour timeframe, equilibrium follows chaos as the price hovers between $75,500 and $77,000. Long downward wicks near $73,000 indicate buyer interest, yet the trend remains bearish until Bitcoin can break and hold above $79,000. Short-term stabilization on the 1-hour chart is viewed as cautious treading, with immediate resistance pressing down from $77,000โ$77,500.
๐ Technical oscillators present a bifurcated view for analysts. The RSI at 27 and the Stochastic Oscillator at 18 both signal seller exhaustion in oversold territory, supported by a CCI of โ137. However, the MACD at โ3,730 remains a major cautionary signal. Moving averages offer no relief, as every EMA and SMA from the 10-day ($80,908) to the 200-day ($103,319) towers above the current price.
๐ The bullish verdict rests on the successful bounce from $72,863 and oversold technical indicators. A confirmed breakout above $79,000 could trigger a recovery toward $81,000. Conversely, the bearish verdict emphasizes that Bitcoin has not cleared its technical overhead, and any rally risks becoming a "bull trap" until the pattern of lower highs is decisively broken.
๐ As of 8 AM ET on February 4, 2026, Bitcoin is priced at $76,065, following a volatile 24-hour range between $72,863 and $79,113. With a market capitalization of $1.51 trillion and a trading volume of $74.04 billion, the digital pulse remains turbulent. While Jamie Redman notes hints of recovery, the technical landscape suggests that bears are still whispering from the shadows.
๐ The daily chart shows a descent characterized by lower highs and lower lows since the $97,900 peak. The recent low of $72,863 now serves as the critical boundary between a total breakdown and a potential bottom. Structural resistance has shifted, with former support zones at $80,000โ$81,000 and $88,000โ$90,000 now acting as formidable ceilings.
โ๏ธ On the 4-hour timeframe, equilibrium follows chaos as the price hovers between $75,500 and $77,000. Long downward wicks near $73,000 indicate buyer interest, yet the trend remains bearish until Bitcoin can break and hold above $79,000. Short-term stabilization on the 1-hour chart is viewed as cautious treading, with immediate resistance pressing down from $77,000โ$77,500.
๐ Technical oscillators present a bifurcated view for analysts. The RSI at 27 and the Stochastic Oscillator at 18 both signal seller exhaustion in oversold territory, supported by a CCI of โ137. However, the MACD at โ3,730 remains a major cautionary signal. Moving averages offer no relief, as every EMA and SMA from the 10-day ($80,908) to the 200-day ($103,319) towers above the current price.
๐ The bullish verdict rests on the successful bounce from $72,863 and oversold technical indicators. A confirmed breakout above $79,000 could trigger a recovery toward $81,000. Conversely, the bearish verdict emphasizes that Bitcoin has not cleared its technical overhead, and any rally risks becoming a "bull trap" until the pattern of lower highs is decisively broken.
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This could bring XRP down to ~$1.30 as short-term support with another wave up expected as high as the .5 at $1.65- now turned resistance.
However, she also warned:
A new low is still possible as far down as $.85.
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During XRP Community Day, Garlinghouse described XRP as the "North Star" of Rippleโs strategy
and suggested that 2026 could be a pivotal year for crypto markets. This aligns with recent developments such as Binance's integration of RLUSD on the XRP Ledger, which has boosted the stablecoin's market capitalization to $1.5 billion.
If XRP continues to hold above the $1.48โ$1.47 support band defined by the moving averages,
the technical structure remains constructive with $1.54240 as the immediate upside reference. A decisive break above this level would reinforce bullish continuation. Conversely, a downturn in RSI or a contraction in the MACD histogram could signal waning momentum.
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Bitcoin briefly dropped from $78K โ $63K before closing the month around $67K. Volatility spiked, yet key signals suggest the market may be building a new base.
So what actually shaped crypto in February โ and what could move the market in March? Letโs break it down
CoinEx โ Your Crypto Trading Expert
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Some observers identified the sale by early bitcoin pioneer Owen Gunden as the primary catalyst for the intraday slide.
This suggests that while it remains sensitive to supply shocks, it is increasingly being bid as a hard asset during periods of systemic energy instability.
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