Source: CryptoNewsNet
Original Title: Bitcoin tops $91,000, Ether and XRP advance after Trump speech on Venezuela attack
Original Link: https://cryptonews.net/news/analytics/32223241/
Market Overview
Bitcoin surged past $91,000, hitting its highest value since December 12. The leading crypto asset is trading at $91,346, bouncing back to $90,000 on Friday and holding steady through Saturday despite geopolitical volatility.
Altcoin Performance
The broader crypto market followed Bitcoin’s momentum:
Ethereum, XRP, BNB, and Solana all posted gains
MYX Finance, TRON, and Dogecoin were standout performers
Total crypto market cap rose 1% to $3.2 trillion in the last 24 hours
Market Drivers
The rally occurred despite geopolitical tensions. Crypto markets serve as the primary active venue for price discovery this weekend, while traditional markets await opening. The biggest reaction is expected in oil markets, where traders may begin to factor in higher geopolitical risk.
Any disruptions to regional exports or fears of instability could support crude prices in the short term, even without immediate supply shock.
Broader Implications
Geopolitical developments have created market volatility, but crypto assets have demonstrated resilience. The decoupling of crypto markets from traditional financial closures during weekends continues to position digital assets as unique trading venues during global events.
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Bitcoin Breaks $91,000 as Ethereum and XRP Rally on Geopolitical Developments
Source: CryptoNewsNet Original Title: Bitcoin tops $91,000, Ether and XRP advance after Trump speech on Venezuela attack Original Link: https://cryptonews.net/news/analytics/32223241/
Market Overview
Bitcoin surged past $91,000, hitting its highest value since December 12. The leading crypto asset is trading at $91,346, bouncing back to $90,000 on Friday and holding steady through Saturday despite geopolitical volatility.
Altcoin Performance
The broader crypto market followed Bitcoin’s momentum:
Market Drivers
The rally occurred despite geopolitical tensions. Crypto markets serve as the primary active venue for price discovery this weekend, while traditional markets await opening. The biggest reaction is expected in oil markets, where traders may begin to factor in higher geopolitical risk.
Any disruptions to regional exports or fears of instability could support crude prices in the short term, even without immediate supply shock.
Broader Implications
Geopolitical developments have created market volatility, but crypto assets have demonstrated resilience. The decoupling of crypto markets from traditional financial closures during weekends continues to position digital assets as unique trading venues during global events.