Bitcoin’s price remains close to the $90,000 threshold, maintaining its value above Rs 25 million against the Pakistani Rupee amidst geopolitical tensions affecting markets over the weekend. The crypto market experienced heightened volatility after former US President Donald Trump announced the alleged capture of Venezuela’s President Nicolás Maduro, leading to increased uncertainty.
Bitcoin began January with renewed vigor after ending 2025 on a low note. On January 2, BTC surged past $90,000 for the first time in nearly a week, reaching a multi-week peak at $91,000. However, selling pressure soon emerged as global political events unfolded, causing the price to dip briefly to around $89,300 before stabilizing near $90,000.
Market data indicates that Bitcoin’s total market capitalization is nearing $1.8 trillion, although its dominance has dropped below 57 percent, reflecting growing investor interest in alternative cryptocurrencies.
The crypto market was notably affected after reports of explosions in Venezuela’s capital, followed by Trump’s confirmation of US military involvement and the alleged capture of Maduro. With traditional financial markets closed over the weekend, the crypto sector absorbed much of the impact, resulting in increased volatility for Bitcoin and major altcoins. An upcoming press conference could further influence market prices.
While Bitcoin traded sideways, several altcoins outperformed. Ethereum remained robust above $3,000, trading close to $3,100. XRP jumped nearly 6 percent to $2.00, surpassing BNB in market capitalization. Dogecoin stood out as the top performer among large-cap coins, surging over 10 percent, while PEPE gained approximately 15 percent. Overall, the total crypto market has grown by nearly $80 billion since January 1, raising the total valuation to $3.14 trillion.
Analysts anticipate continued short-term volatility in Bitcoin prices due to geopolitical uncertainties and thin weekend liquidity. However, the sustained strength of altcoins suggests that broader market confidence is gradually returning as 2026 begins.
