Bitcoin experienced a remarkable surge, climbing beyond the $94,000 mark on Monday. This upswing was driven by more than $420 million in leveraged liquidations within the last 24 hours, as reported by CoinGlass.
The upward momentum started on Thursday with the beginning of the new year and accelerated over the weekend after reports emerged that the US military had detained Venezuela’s president Nicolás Maduro. This event intensified interest in assets considered safe havens.
By 1:30 pm Eastern Time, Bitcoin’s price hovered near $94,200—reaching levels not seen since early December. The bullish trend also positively impacted other major cryptocurrencies: Ethereum climbed to $3,200; Solana reached $136; and XRP surged to $2.20.