Bitcoin advances above $91,000 as ether and Dogecoin respond to U.S. action in Venezuela.
Geopolitical developments in Venezuela and U.S. involvement are driving crypto market volatility.
Bitcoin rose above $91,000 on Sunday as early-2026 gains extended across major tokens. Ether, Solana, and Cardano posted broad advances amid heightened risk appetite fueled by fast-moving headlines from Venezuela.
Bitcoin traded near $91,300 in Asian morning hours, up roughly 1.4% on the day and more than 4% over the week. Ether gained about 1% to $3,150, climbing 7% for the week, while Solana added 1.6% and rose 8% over seven days. XRP hovered just above $2, up 0.6% on the day and nearly 10% over the week, while Cardano recorded modest daily gains and an 8% weekly advance.
The rally followed a liquidation flush that cleared crowded positions and reset near-term leverage. Roughly $180 million in futures positions were liquidated over 24 hours, with $133 million from shorts and $47 million from longs, forcing buybacks that pushed prices higher.
Political developments added further momentum. Former President Donald Trump said the U.S. plans to “run” Venezuela, though details remain limited. Venezuela’s Supreme Court granted Vice President Delcy Rodríguez full presidential powers after ousted President Nicolás Maduro was taken into U.S. custody. Trump also emphasized U.S. interests in Venezuela’s oil sector, suggesting troops would not be required if Rodríguez “does what we want.”
Traders generally view such headlines as volatility triggers rather than direct macro drivers. In thin liquidity conditions, modest spot demand can move prices through technical levels, while concentrated short positions can amplify gains via forced covering.
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