DOGE is currently the best player among the bigger alts.
Bitcoin’s price rally that started Friday morning pushed it to a multi-week high of $91,000, where the asset was rejected and driven south, especially since the latest geopolitical development between the US and Venezuela.
Many altcoins have performed a lot better on a daily scale, including some of the meme coin representatives, such as DOGE and PEPE.
BTC to face more volatility?
After being one of the few global assets to end 2025 in the red, Bitcoin’s price finally started showing some revival signs on January 2. After a quiet January 1 that saw it remain sideways between $87,000 and $88,000, the cryptocurrency went on the offensive yesterday, breaking past $90,000 for the first time in about a week.
This time, the bulls kept the pressure on and pushed the price even further north to a multi-week high of $91,000. However, that was as far as BTC would go, at least for now, and it quickly fell to $90,000. It added several hundred dollars late Friday, but explosions in Venezuela’s capital on Saturday morning halted its progress.
Bitcoin fell to $89,300 but is now closer to $90,000 after US President Donald Trump confirmed that his country’s military was behind the attacks on Caracas. Besides, he added that the US captured Venezuelan President Nicolás Maduro and his wife, who had flown out of the country.
A press conference is expected later today, which could result in more volatility in the crypto market as it is the only financial market currently open. For now, BTC’s market cap has reached $1.8 trillion, while alt dominance is less than 57% on CG.
Alts See Green
Ethereum has reaffirmed its place well above $3,000 and is now even trading around $3,100. XRP surpassed BNB in terms of market capitalization after rising 6% to $2.00. ADA and BCH are up by similar percentages today.
Dogecoin is up more than 10% and is trading north of $0.14. PEPE is the other notable meme coin gainer, rising another 15% to $0.000006. Nevertheless, MYX stole the show today with an 85% increase to almost $7.
The total cryptocurrency market cap has added approximately $80 billion since January 1 and now stands at $3.145 trillion on CG.
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