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 SocialThe 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 TimeframeCoinGlass 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: CryptoQuantSource: https://coingape.com/us-president-trump-teases-venezuela-statehood-bitcoin-plunge/
