Overview
- Bitcoin briefly touched about $93,000 before consolidating in the low $92,000s, extending an early‑January rebound across crypto markets.
- U.S. operations in Venezuela and the transfer of Nicolás Maduro into U.S. custody were cited by traders as a volatility catalyst, with Venezuela’s Supreme Court granting Delcy Rodríguez acting presidential powers.
- Derivatives positioning amplified the rally, with roughly $260 million in liquidations over 24 hours, including about $200 million in shorts, and separate tallies showing $130 million wiped in a 12‑hour window.
- Technicians highlight the 21‑day moving average near $88,500 as support and a $91,000–$94,000 band as the key decision zone, with some analysts projecting a potential push toward $100,000 on a clean breakout.
- Spot Bitcoin ETFs logged roughly $471 million of inflows Friday per SoSoValue, while total crypto market value hovered near $3.2 trillion as ether, XRP, solana and dogecoin posted gains.