Bitcoin Price Peaks at $91,000 Amid Geopolitical Tensions
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Volatility: Bitcoin's price surged to a multi-week high of $91,000 on Friday morning but quickly retraced to $90,000 due to geopolitical events between the US and Venezuela, indicating high market sensitivity and potential instability.
- Market Reaction: Following President Trump's confirmation of military actions in Caracas and the capture of President Maduro, Bitcoin's market sentiment was affected, leading to a market cap nearing $1.8 trillion and a dominance below 57%.
- Altcoin Performance: Amid Bitcoin's fluctuations, many altcoins performed strongly, with Ethereum stabilizing above $3,100 and meme coins like Dogecoin and PEPE surging over 10% and 15% respectively, reflecting growing investor interest in diversified assets.
- Market Cap Growth: Since January 1, the total cryptocurrency market cap has increased by approximately $80 billion, now sitting at $3.145 trillion, indicating that despite Bitcoin's pressures, the overall market is expanding and attracting more investor attention.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
