Bitcoin’s price remains near the $90,000 threshold, with its value against the Pakistani Rupee exceeding Rs 25 million, amid geopolitical tensions affecting markets over the weekend. The crypto market experienced heightened volatility following former US President Donald Trump’s announcement of Venezuelan President Nicolás Maduro’s capture, adding to the uncertainty.
Bitcoin started January with renewed vigor after a challenging 2025, breaking past $90,000 on January 2, reaching a multi-week high of $91,000. However, political developments quickly led to selling pressure, causing the price to dip to approximately $89,300 before stabilizing around $90,000.
Bitcoin’s market capitalization is nearing $1.8 trillion, but its dominance has fallen below 57 percent, indicating a growing interest in alternative cryptocurrencies. The market reacted to reports of explosions in Venezuela’s capital and Trump’s confirmation of US military involvement, with the crypto market absorbing much of the impact due to the closure of traditional financial markets over the weekend. An upcoming press conference may further affect prices.
While Bitcoin remained relatively stable, several altcoins outperformed. Ethereum held strong above $3,000, trading close to $3,100. XRP increased by nearly 6 percent to $2.00, surpassing BNB in market capitalization. Dogecoin emerged as the top large-cap performer, surging over 10 percent, and PEPE gained around 15 percent. The crypto market has added nearly $80 billion since the start of January, raising the total valuation to $3.14 trillion.
Analysts anticipate continued short-term volatility in Bitcoin’s price due to geopolitical uncertainties and limited weekend liquidity. However, the sustained strength in altcoins suggests a gradual return of broader market confidence as 2026 begins.
