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Bitcoin$BTC surged past the $91,000 mark on Sunday, extending a strong rebound seen across the cryptocurrency market at the start of 2026. The rally also lifted major altcoins such as Ethereum, Solana, Cardano, XRP, and Dogecoin$DOGE , as traders reacted to a combination of market-driven liquidations and fast-developing geopolitical news linked to Venezuela and the United States.
During Asian trading hours, Bitcoin was seen trading around $91,300, gaining approximately 1.4% in a single day and more than 4% over the past week. The move signaled growing confidence among traders, especially after recent pullbacks cleared excessive leverage from the market.
📈 Broad Gains Across Major Cryptocurrencies
Ethereum followed Bitcoin’s lead, rising close to 1% on the day to trade near $3,150, and posting a strong 7% gain over the last seven days. Solana also showed solid momentum, climbing roughly 1.6% and recording an 8% weekly increase, while Cardano advanced modestly on the day but remained up around 8% for the week.
$XRP hovered just above the $2 level, increasing nearly 0.6% in 24 hours and gaining almost 10% over the past seven days, making it one of the stronger performers among large-cap tokens. Overall, the market showed a clear improvement in sentiment, with traders becoming more willing to take on risk.
🔥 Liquidation Flush Accelerated the Move
A major factor behind the sudden price jump was a sharp liquidation event in the crypto futures market. Data showed that nearly $180 million worth of leveraged positions were liquidated in the last 24 hours alone. Of this total, approximately $133 million came from short positions, while around $47 million were long positions.
This imbalance suggests that many traders were positioned for a price decline and were caught off guard by the upside move. As prices rose, short sellers were forced to buy back their positions, adding extra buying pressure and pushing prices even higher. This process helped reset near-term leverage and cleared crowded positioning, allowing the market to move more freely.
🌍 Venezuela Political Developments Add to Market Volatility
The rally also coincided with rapidly unfolding political developments in Venezuela, which added another layer of volatility to global markets. U.S. leadership made statements indicating possible involvement in Venezuela’s political future, though details remained unclear.
Reports suggested that Venezuela’s Supreme Court granted Vice President Delcy Rodríguez full presidential powers on an interim basis, following the removal of President Nicolás Maduro, who was reportedly taken into U.S. custody. Additional comments pointed to U.S. interest in Venezuela’s oil sector, with indications that direct military involvement might not be necessary if cooperation was achieved.
⚡ Why Geopolitics Matter for Crypto
While cryptocurrency markets do not typically react to political events in the same way as traditional assets, such headlines often act as volatility catalysts. In periods of uncertainty, traders tend to reposition quickly, especially when market liquidity is thinner than usual.
Even relatively small increases in spot buying can push prices through important technical resistance levels. Once those levels break, automated trading systems and stop-loss orders can accelerate the move, turning a slow upward trend into a sharp breakout.
📊 Market Structure Favors Momentum
This effect is especially strong when a large number of traders are betting on a pullback. Forced short covering can rapidly transform cautious trading into aggressive upside momentum, as seen in Bitcoin’s move above $91,000.
✨ Final Thoughts
The combination of strong technical momentum, heavy short liquidations, improving risk appetite, and geopolitical headlines helped drive the latest crypto rally. Traders are now closely watching whether Bitcoin can maintain levels above $91K and potentially extend gains further, which could set the tone for the broader market in the days ahead.
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