Bitcoin climbed past the $91,000 mark on Sunday, extending its early 2026 rebound alongside gains across major cryptocurrencies, as improving risk sentiment and geopolitical developments around Venezuela lifted market momentum.
The world’s largest cryptocurrency was trading near $91,300 during Asian morning hours, up around 1.4% on the day and more than 4% over the past week. Ether rose about 1% to roughly $3,150, taking its seven-day gains to nearly 7%.
Other major tokens also advanced. Solana added about 1.6% on the day and is up over 8% on the week, while XRP hovered just above $2, gaining around 0.6% in the session and close to 10% over seven days. Cardano was marginally higher on Sunday and has climbed roughly 8% during the same period. Dogecoin also traded firmer, tracking the broader market move.
The rally followed a sharp liquidation-driven reset in derivatives markets that cleared excessive leverage built up during recent consolidation. Data showed that nearly $180 million worth of crypto futures positions were liquidated in the past 24 hours, with short positions accounting for approximately $133 million and long liquidations around $47 million.
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The skew toward short liquidations suggests many traders were positioned against the move and were forced to cover as prices pushed higher, amplifying the upside momentum.
Market sentiment was further supported by fast-developing political developments in Venezuela. US President Donald Trump said Washington plans to “run” Venezuela, while offering limited details on the framework. Venezuela’s Supreme Court granted Vice President Delcy Rodríguez acting presidential authority after former President Nicolás Maduro was taken into US custody.
Trump also indicated a renewed focus on Venezuela’s oil assets, stating that the US would maintain a presence related to oil interests, while suggesting that ground troops would not be required if the new leadership aligned with US expectations.
While crypto markets do not typically respond directly to geopolitical events, such headlines can influence short-term risk appetite. In periods of thinner liquidity, modest spot buying can push prices through key technical levels, triggering stop losses and accelerating moves in futures markets.
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Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
