Bitcoin Market Update: BTC Near $90K, Altcoins Turn Green

Bitcoin price today remains close to the $90,000 mark, keeping BTC to PKR above Rs 25 million, as geopolitical tensions rattled markets over the weekend. The crypto market reacted sharply after former US President Donald Trump claimed Venezuela’s President Nicolás Maduro was captured, increasing uncertainty and short-term volatility across digital assets.

Bitcoin began January with renewed momentum after closing 2025 in the red. On January 2, BTC broke past $90,000 for the first time in nearly a week, climbing to a multi-week high of $91,000. However, selling pressure emerged quickly as global political developments unfolded, pushing the price briefly down to around $89,300 before stabilizing near $90,000 again.

According to market data, Bitcoin’s total market capitalization is now approaching $1.8 trillion, while its dominance has slipped below 57 percent, showing increased investor interest in alternative cryptocurrencies.

The crypto market reacted after explosions were reported in Venezuela’s capital, followed by Donald Trump’s statement confirming US military involvement and the alleged capture of President Nicolás Maduro. With traditional financial markets closed for the weekend, crypto absorbed most of the impact, making Bitcoin and major altcoins more volatile than usual. A press conference expected later today could further influence prices.

While Bitcoin moved sideways, several altcoins outperformed. Ethereum remained strong above $3,000 and is trading close to $3,100. XRP jumped nearly 6 percent to $2.00, overtaking BNB in market capitalization. Dogecoin emerged as the top large-cap performer, surging over 10 percent, while PEPE gained around 15 percent. Overall, the total crypto market has added nearly $80 billion since January 1, pushing the total valuation to $3.14 trillion.

Analysts expect continued volatility in the Bitcoin price in the short term due to geopolitical uncertainty and thin weekend liquidity. However, sustained strength in altcoins suggests broader market confidence is gradually returning as 2026 begins.