"Bitcoin began 2026 with some renewed strength, climbing roughly 8% since the start of the year as institutional inflows, derivatives positioning and geopolitical developments have come together to lift sentiment across crypto markets. The bitcoin price is trading near $94,100 today, reaching levels last seen in early December. The price briefly touched an intraday high of $94,352 after opening the year near $87,400 on Jan. 1, per Bitcoin Magazine Pro data."
"Oil stocks jumped on expectations that Venezuela's energy sector could reopen under new leadership, while crypto-linked equities such as Coinbase and Strategy each rose more than 4%. Analysts cautioned that the event itself was not a direct catalyst for bitcoin. Instead, it reinforced bitcoin's role as a hedge against geopolitical pressures and sanctions risk. "Escalating pressure without direct military conflict is supportive of bitcoin," said Dean Chen, an analyst at crypto derivatives exchange Bitunix."
Bitcoin rose roughly 8% since the start of 2026 and traded near $94,100, briefly touching $94,352 after opening the year near $87,400. Market capitalization reached about $1.87 trillion, daily trading volume hovered near $51 billion, and circulating supply stood just under 20 million coins of the 21 million cap. The price moved higher after sideways trading in late December, with prior resistance near $91,000 becoming short-term support and enabling a renewed test of the $94,000–$98,000 range. Weekend reports about Venezuelan President Nicolás Maduro coincided with gains in oil and crypto-linked equities and reinforced bitcoin's hedge narrative against geopolitical pressures and sanctions risk.
Read at Bitcoin Magazine
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