Overview
- Bitcoin traded around $91,000–$92,000 after a weekend breakout that briefly approached $93,000, according to multiple market feeds.
- Derivatives data showed roughly $130 million or more in short liquidations over the weekend, accelerating the move during thinner conditions.
- Traders pointed to fast‑moving developments in Venezuela, including U.S. military action and a court transfer of presidential powers, as a volatility catalyst rather than a fundamental driver.
- Analysts highlighted a decision zone, with the 21‑day moving average near $88,500 and resistance at $92,000–$94,000, saying confirmation with stronger volume is needed for targets near $100,000–$102,000.
- Major tokens advanced alongside Bitcoin, lifting total crypto market capitalization to roughly $3.1–$3.2 trillion as ether hovered near $3,150 and other altcoins posted gains.