Khaberni - Bitcoin recorded its highest level in three weeks during the early Asian trading session, amid continued political uncertainty following the American move to oust Venezuelan President Nicolas Maduro over the weekend.
The largest cryptocurrency rose by up to 2.3% to reach $93,323 this Monday morning, the highest level since December 11, before losing its gains—at the time of this report—registering $92,690.
Ethereum and other digital currencies also saw slight increases.
The rise comes amid generally positive atmosphere in the Asian markets, where stocks have reached record levels driven by investments in technology and artificial intelligence sectors.
The price of gold jumped by up to 2% to exceed $4,400 per ounce today, Monday, while the price of silver rose by up to 4.8%, as investors turned to precious metals as a safe haven after the arrest of Maduro.
Bitcoin has long been considered a safe haven during times of turmoil, while at other times it moves more similarly to stocks and other high-risk assets.
The Impact of Specialized Companies
Bloomberg quoted Falcon X's head of derivatives trading for Asia and the Pacific, Sean McNulty, as saying that the current gains in bitcoin are driven by so-called companies specialized in digital currencies, which specifically focus on digital assets, in addition to the absence of selling operations by entities like bitcoin miners, family wealth management offices, and other major investment funds.
Bitcoin's price has remained within a narrow trading range for weeks, lagging behind the stock market rally over the Christmas holiday, and ending the year down by 6.5%.
Despite a series of political developments in the United States approved by President Donald Trump, known for his support of digital currencies, Bitcoin's performance was poor in 2025.
On January 2, investors injected $471 million into 12 U.S. exchange-traded funds for bitcoin, the largest influx since November 11, which indicates a potential shift in general sentiment.
Traders are now waiting to see if Bitcoin can achieve a sustainable breakthrough of the $94,000 level, considering the $88,000 level as the main bearish level to be watched, according to McNulty.
