The first weekend of 2026 observed a significant surge in cryptocurrency values, perfectly aligning with forecasts. The rally, initiated by AVAX on Thursday, extended to other altcoins by Friday. Bitcoin (BTC) breeching the $90,000 mark increased investor risk appetite, although it may still be too soon to celebrate fully. Nevertheless, Bitcoin escaping its narrow trading range has sparked excitement among investors.
Bitcoin (BTC)
Amidst global tensions fueled by U.S. operations in Venezuela, where they removed the president claiming temporary governance, President Trump’s aggressive start to 2026 might cause similar unrest in neighboring countries like Colombia, heightening global apprehensions. The pandemic has significantly hardened public skepticism.
Bitcoin is attracting buyers at $91,500 amid escalating geopolitical risks. With key support reclaimed, BTC is poised for a robust push to $98,000. Currently, $88,000 and $94,000 are crucial support and resistance levels, respectively. Surpassing the $94,000 resistance today or shortly could signal a move to the $98,000-$110,000 range.
January 2nd saw substantial ETF inflows into BTC, amounting to nearly half a billion dollars. This massive influx following prolonged sell-offs indicates a healing sentiment in the market, contributing to the weekend’s continued positive trends.
Cryptocurrency Market Overview
TOTALCAP has reclaimed the $3 trillion benchmark, advancing to 3.12. Notably, MYX Finance (MYX) was the day’s standout performer, soaring by 60%. Several top 100 cryptocurrencies posted gains, reflecting investor confidence resurgence, as evidenced by movements in meme coins like FLOKI, PEPE, DOGE, and BONK.
Having plunged over 80%, altcoins entered 2026 at oversold lows, anticipating some level of rebound, even if short-term. XRP Coin hovers near its $2.08 target, while SOL Coin endeavors to regain $135. Meanwhile, PIPPIN’s 25% rise marks it as the second-best gainer among the top 100 altcoins. In contrast, coins like IP, LIT, FIL, DASH, QNT, and UNI remain in the red.
