What is happening with the price of the $?

COMPASTE A MORE THAN 720 AND CHECK TODAY'S PRICE.

We are witnessing extreme volatility due to recent geopolitical events (such as the situation following Maduro's capture and international pressure). When major events occur, the market reacts with excessive panic or euphoria, creating artificial "peaks" and "valleys".

The peak of 720 Bs: Likely caused by sudden fear (people rushed to hedge in dollars).

The drop to <600 Bs: Could be a correction due to intervention, a temporary increase in foreign currency supply, or simply an adjustment after the initial overreaction.

My recommendations (Universal Criterion)

Do not sell out of panic: In Venezuela's financial history, the bolívar rarely maintains a long-term appreciation (dollar depreciation). If you sell now at 600, you would be locking in approximately a 16% loss.

Assess your need for bolívares:

If you need the money today for food or urgent debts, you have no choice but to exchange only what is strictly necessary.

If it's savings, the technical recommendation is to wait. The market usually seeks a higher equilibrium point after such sharp drops, especially in an environment of high annual inflation (which ended 2025 near 479%).

The opportunity cost: If you sell at 600 and the dollar rebounds to 750 within three days (something very common in crises), you will have lost purchasing power twice.

Likely scenario

In the short term, the dollar in Venezuela tends toward mean reversion. If inflation remains high, it is unlikely the dollar will stay "cheap" for long. What you bought at 720 may seem expensive today, but in the context of Venezuela's 2026 economy, historically those prices end up being "cheap" within weeks or months.

Summary: If you can afford to wait, hold onto your USDT. The crypto market (Binance P2P) is highly sensitive and usually recovers quickly from these emotional corrections.