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The price of Bitcoin rose above $92,000 on Monday as Asian markets opened the full trading week of 2026, as commodity prices rose and oil prices reversed after a major US strike on Venezuela that reset global risk ratings.
The return of the cryptocurrency market came as investors weighed Washington’s moves to seize the oil-rich country.
Overview of the market
- Bitcoin: $92,947, up 1.2%
- Ethereum: $3,163, up 0.4%
- XRP: $2.12, up 3.1%
- Total cryptocurrency market cap: $3.23 trillion, up 0.9%
President Donald Trump said over the weekend that the United States has temporarily placed Venezuela under American control, following the arrest of President Nicolas Maduro.
US officials announced that Maduro and his wife, Celia Flores, were flown to New York and charged with treason and other crimes. The indictment alleged that drug trafficking enriched Venezuela’s political and military elite and strengthened its power.
Oil prices fell as traders assessed Venezuela’s food crisis
The sudden increase sent energy markets into a frenzy at the start of the session. Brent crude fell more than 1% at one point before paring its losses, and last traded up about 0.25%.
The price of West Texas Intermediate crude fell about 0.4% as traders assessed how the intervention could affect supplies from the country with the world’s largest reserves of crude oil.
Venezuela, a founding member of OPEC, has about 303 billion barrels of oil, about 17% of the world’s reserves, according to data from the US Energy Information Administration, a reminder of why oil prices reacted so quickly to news.
Regional stocks strengthened as Japan’s economy grew and corporate risk increased
However, Asia-Pacific stocks turned to risk. The MSCI General index of stocks outside Japan rose about 1.2%, while S&P 500 mini-futures rose 0.1%, reflecting a positive spread on Wall Street.
Japan led the region’s gains, with the Nikkei rising 2.8%, edging closer to a record hit two months ago. The increase came after it showed that industrial activity stabilized in December, after five months of contraction.
Elsewhere, South Korea’s Kospi and Taiwan’s benchmark index rose more than 2% each, hitting new records. As for Hong Kong stocks, they were calm, rising by 0.1%, affected by the decrease in the shares of major oil companies after the energy index fell by 3.1%. Australian shares posted a slight increase of 0.1%.
The cryptocurrency market is recovering as ETFs attract new investment
Cryptocurrency traders saw the geopolitical shock differently. The market recovery has shown increased interest in certain products as investors adjust their risk appetite.
The volume of digital assets has skyrocketed due to the events in Venezuela, said Akshat Siddhant, quantitative analyst at Modrex.
He said: “This rise is supported by a strong return of institutional interest, as crypto ETFs recorded approximately $646 million in capital gains on the first trading day of the year after a major sell-off in December.”
“Fear is also moving forward, with the Fear and Greed Index neutral for the first time since October. It is currently trading at around $92,800, and if the price of Bitcoin closes above $93,700, the upside could push it to $100,000, with a supportive area forming around $88,500.”
A note Asian markets open: Bitcoin climbs back above $92,000, stocks advance as oil sees volatility appeared for the first time Cryptonews Arabic.
