Bitcoin Targets $90K, Signals Bullish Weekend

What to Know:

• Bitcoin faced a rejection at $91,000 after a multi-week high, impacted by geopolitical news.
• Altcoins, including DOGE and PEPE, showed stronger daily performance, contributing to an overall market increase.
• XRP surpassed BNB in market cap, reflecting positive movement in the altcoin market and potential shifts in liquidity.

Bitcoin experienced a volatile start to the new year, initially rallying to a multi-week high before facing a sharp rejection. Altcoins, however, demonstrated robust performance, with meme coins like DOGE and PEPE leading the charge. This divergence highlights the dynamic nature of the crypto market and the continued interest in alternative digital assets.

Bitcoin’s Price Volatility

After a sluggish end to 2025, Bitcoin began to show signs of recovery, breaking past $90,000 for the first time in a week. The cryptocurrency extended its gains to $91,000 before encountering resistance. Geopolitical developments, including news from Venezuela, triggered a retracement, underscoring the sensitivity of the crypto market to global events. Bitcoin briefly dipped to $89,300 before stabilizing near $90,000. The anticipated press conference related to these events could introduce further volatility, given that crypto markets are currently among the few open financial markets.

Altcoins in the Green

Ethereum has maintained its position above $3,000, trading near $3,100. XRP experienced a notable surge of 6%, surpassing BNB in market capitalization and reaching $2.00. Other altcoins, such as ADA and BCH, also saw similar percentage gains, indicating a broad-based rally across the altcoin market.

Meme Coins Lead Gains

Dogecoin led the meme coin surge, rocketing over 10% to trade above $0.14. PEPE also saw significant gains, increasing by 15% to $0.000006. These gains reflect the speculative interest and potential for high returns in the meme coin sector, though investors should exercise caution due to the inherent volatility.

Total Market Capitalization Rises

The total crypto market capitalization has increased by approximately $80 billion since the start of the year, reaching $3.145 trillion. This growth underscores the renewed optimism and capital inflows into the crypto market, driven by both Bitcoin’s recovery and the strong performance of altcoins.

XRP Market Dynamics

XRP’s recent performance, including surpassing BNB in market cap, highlights its potential for growth and increased liquidity. Positive developments in Ripple’s ongoing legal battles, coupled with broader market optimism, may be contributing to this upward momentum. Investors will be closely monitoring XRP’s price action and trading volume to assess its sustained strength.

Conclusion

The crypto market has demonstrated resilience and growth at the start of the year, with Bitcoin recovering from previous losses and altcoins showing strong performance. Geopolitical events continue to influence market sentiment, creating both opportunities and risks for investors. The rise of meme coins and the increasing market capitalization underscore the dynamic nature of the crypto space, requiring investors to stay informed and adapt to evolving trends.

Related: XRP ETF Flows Reveal Stagnant Price Signal

Source: Original article