Bitcoin hit a three-week high in early Asian trading, as political uncertainty continued following the U.S. move to isolate Venezuelan President Nicolas Maduro over the weekend.
The world's largest cryptocurrency rose by as much as 2.3% on Monday morning to reach $93,323, its highest level since December 11. Ether and several other cryptocurrencies also saw limited gains in the same context.
This move came in a generally positive environment within Asian markets, where stock markets hit record highs driven by bets on the technology and artificial intelligence sector, in parallel with a jump in gold prices of nearly 2% to exceed $4,400 an ounce, and a rise in silver of up to 4.8%, as investors turned to safe assets after Maduro’s arrest.
Bitcoin: Between a safe haven and a high-risk asset
Bitcoin's movements have always sparked controversy about its nature, as it is sometimes seen as a safe haven during periods of turmoil, while at other times it moves in parallel with stocks and high-risk assets, reflecting the duality of its role within the global financial system.
At the current stage, the gains are driven primarily by companies specializing in digital assets, along with the absence of selling pressure from influential parties such as Bitcoin miners, large family offices, and huge investment funds, which limits the available supply in the market and supports prices.
Over the past few weeks, Bitcoin has remained confined to a narrow trading range, missing out on the strong rally that stocks experienced during the Christmas holidays. It also ended the year with a 6.5% decline, underperforming in 2025 despite legislative progress in support of digital currencies in the United States, driven by President Donald Trump, who is known for his pro-digital stance.
Investment flows and anticipation of crucial levels
On January 2, investments poured about $471 million into 12 U.S.-listed Bitcoin exchange-traded funds, the highest daily inflow since November 11, suggesting a possible shift in investor sentiment toward the digital currency.
Traders are currently focused on Bitcoin's ability to sustainably break through the $94,000 level, while the $88,000 level represents a pivotal support zone to watch, as a break below it could lead to a return of selling pressure.
These developments reflect that Bitcoin does not move in isolation from the global geopolitical and financial landscape, but is affected by a complex interplay between international politics, liquidity flows, and investor behavior, making its trajectory in the next phase dependent on its ability to consolidate its position either as an alternative haven or as a high-risk asset within investment portfolios.
