Daniel Walker
Bitcoin climbed above the $93,000 mark late Sunday, leading a broad rally across the cryptocurrency market as investors piled into risk assets amid global market optimism.
The flagship cryptocurrency was trading at $93,113, posting a 2.1% daily gain, while Ethereum advanced 1.7% to $3,194. Several major altcoins followed suit, signaling strong momentum across the digital asset space.
Beyond Bitcoin, XRP jumped 5.5%, BNB rose 2.3%, and Solana gained 2.3%, reflecting renewed investor appetite. According to analysts, this surge aligns with a broader global rally extending beyond crypto.
Asian equity markets strengthened sharply, with South Korea’s Kospi up 2.83% and Japan’s Nikkei climbing 2.82% by Monday midday. Market observers describe the move as part of a wider “everything rally” spanning multiple asset classes.
Analysts note that the opening week of the year often brings fresh portfolio allocations, positioning Bitcoin as an attractive entry point at current price levels.
At the same time, geopolitical uncertainty remains a key variable, as traders assess potential shocks that could introduce volatility across global markets.
Key Resistance Levels and Institutional Accumulation in Focus
Market strategists say Bitcoin’s upward push is being supported by renewed investor interest as businesses reopen, combined with continued institutional accumulation during a consolidation phase.
Traders are closely watching the $95,000 resistance zone, viewing it as a critical threshold for confirming a sustained breakout. Broader macroeconomic shifts and ETF flow dynamics are also expected to play a major role as 2026 unfolds.
Memecoins Outperform as Speculative Appetite Returns
The rally extended into the memecoin sector, where Pepe surged 9%, Bonk climbed 9.7%, and Shiba Inu gained 5.5%. Pudgy Penguins rose 7%, while Dogecoin slipped 0.6%, underperforming its peers.
Liquidations Spike as Shorts Get Wiped Out
The sharp move higher triggered approximately $141.2 million in liquidations within four hours, with nearly $133 million coming from short positions, according to aggregated market data. Liquidations occur when leveraged positions are forcibly closed due to insufficient margin, often accelerating price momentum.
Venezuela Developments Add a Geopolitical Catalyst
Attention has also turned to U.S. operations in Venezuela, particularly following reports that Nicolás Maduro was captured in a U.S. military operation and transferred to New York to face charges related to narco-terrorism and drug trafficking.
In response, WTI crude oil slipped 0.35%, while Brent crude fell 0.2%, reflecting heightened geopolitical sensitivity in energy markets.
Crypto Absorbs Weekend Risk as Markets React
With traditional financial markets closed over the weekend, cryptocurrencies became the primary liquid venue for investors to react to the unfolding news. The rally suggests that market participants broadly interpreted the developments as bullish for risk assets.
Looking ahead, analysts say the U.S. equity market open will be a critical test. A positive start could reinforce bullish sentiment and help Bitcoin maintain levels above $92,000.
Macro Data and Fed Signals Could Shape the Next Move
Traders are also monitoring the potential impact of Federal Reserve meeting minutes, along with upcoming U.S. jobless claims data. Analysts emphasize that macroeconomic clarity will ultimately determine whether Bitcoin extends its gains or faces a short-term pullback.
