Bitcoin surged above the $91,000 stage on Sunday, extending an early 2026 rebound throughout the broader cryptocurrency market as merchants embraced renewed threat urge for food. The rally lifted main digital belongings together with ether, solana, XRP, and cardano, with features supported by brief liquidations, bettering market construction, and heightened geopolitical headlines linked to Venezuela.
Throughout Asian morning buying and selling hours, bitcoin was altering palms close to $91,300, up roughly 1.4% on the day and greater than 4% over the previous week. Ethereum adopted with a close to 1% every day rise to round $3,150, bringing its seven-day achieve to roughly 7%. Solana climbed about 1.6% on Sunday and has superior greater than 8% over the week, whereas XRP hovered simply above $2, posting near 10% weekly features. Cardano additionally edged larger and is up roughly 8% over the identical interval.
The newest transfer got here after a pointy liquidation occasion that flushed out crowded futures positioning and reset short-term leverage throughout crypto derivatives markets. In response to market knowledge, practically $180 million in crypto futures positions have been liquidated within the final 24 hours. Quick positions accounted for about $133 million of that whole, in contrast with $47 million from longs, highlighting how merchants positioned in opposition to the rally have been compelled to cowl as costs pushed larger.
Geopolitical developments additionally contributed to the improved threat tone. Merchants reacted to quickly evolving information out of Venezuela after U.S. President Donald Trump stated america plans to “run” Venezuela, with a selected focus on the nation’s oil sources. Venezuela’s Supreme Court docket granted Vice President Delcy Rodríguez appearing presidential powers following the detention of Nicolás Maduro by U.S. authorities.
Whereas crypto markets usually deal with geopolitical headlines as volatility catalysts fairly than direct macro drivers, such occasions can affect sentiment, particularly in periods of thinner liquidity. In these situations, even modest spot shopping for can push costs by way of key technical ranges, triggering stop-driven strikes and accelerating features by way of compelled brief masking.
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