Bitcoin Quickly Recovers After Venezuela Military Action; Dogecoin and PEPE Lead Meme Coin Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 04 2026- Bitcoin Recovery: Following U.S. military action in Venezuela that triggered a brief risk-off reaction, Bitcoin dipped approximately 0.5% to $89,300 before quickly rebounding to just below $90,000, indicating the market's resilience to geopolitical shocks.
- Meme Coin Surge: Dogecoin surged about 11% and PEPE jumped roughly 17% within 24 hours, as traders shifted focus to high-beta assets amid Bitcoin's range-bound trading and limited macro catalysts, driving the meme coin market's total value to $33.8 billion.
- XRP Breaks Above $2: XRP climbed over 8% to surpass $2 for the first time since mid-December, bolstered by $13.59 million in net inflows into U.S. spot XRP ETFs on January 2, bringing total inflows since launch to $1.18 billion, alongside improving regulatory expectations.
- Market Sentiment Rebounds: With trading volume for meme coins reaching $5.9 billion, the renewed interest in high-risk assets reflects market participants' search for short-term gains amid limited volatility in Bitcoin prices.
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.
