BitcoinIn the first hours of the first day of the new week, it made one of the first strong price moves of the new year, rising above the $ 93,000 level with the simultaneous rise in Asian and global markets. In the same period Ethereum and large-scale altcoins accompanied by the rise in Bitcoin, the cryptocurrency market entered a period in which investors repositioned. Analysts point out that the pricing of geopolitical developments is largely carried out through cryptocurrencies during the hours when traditional markets are closed. Price movements indicate a revival of both institutional interest and global risk appetite.
Global Risk Appetite Favors Cryptocurrencies
Bitcoin rose by more than 2 percent to $93,204 at around 04:00 GMT. While Ethereum rose to $3,194 in the same time frame XRP, BNB And solana Major cryptocurrencies such as have also recorded increases between 2 and 5 percent. Presto Research analyst Min JungAccording to , the rise is not specific to cryptocurrencies. In Asian stock markets, South Korea’s Kospi and Japan’s Nikkei indices rose by more than 2 percent.
Jung stated that in the first week of the new year, investors reshaped their portfolios and Bitcoin was seen as an attractive entry point at current price levels. Pointing out that geopolitical headlines have the potential to increase volatility in global markets, the analyst emphasizes that cryptocurrencies stand out as a tool for rapid pricing in this process.
LVRG Research Director Nick Ruck He said that investor interest was revived as the business world resumed operations after the New Year holiday, and corporate accumulation continued in the market during the consolidation process. According to Ruck, the $95,000 level is a technically critical threshold for Bitcoin in the short term.
Venezuela Development Brought Movement
Against the backdrop of market activity Venezuelan centric developments are also included. CoinEx Research Chief Analyst Jeff KoHe stated that it strengthened the expectation that US operations in Venezuela could affect global balances, especially through the country’s energy sector. As it is known, the deposed leader of Venezuela Nicolas Maduro and his wife were brought to New York following the US military operation in Caracas.
After this development USA There were limited decreases in crude oil and Brent oil prices. According to Al Jazeera’s report, it reveals that Middle East-based risks have also been brought to the agenda again. According to Ko, while traditional markets were closed, cryptocurrencies became the primary source of liquidity to absorb the news flow, and the price rise was a reflection of the positive perception towards risky assets.
The rapid rise brought about a significant wave of liquidations in a short time. According to Coinglass data, approximately $141 million of positions were closed in the last four hours, and most of this consisted of short transactions. CIO of Kronos Research Vincent LiuStating that investors are also closely monitoring the Fed meeting minutes and upcoming US unemployment applications data, he says that the macro outlook will be decisive in the persistence of prices.
