The Rise of Bitcoin, Ethereum, and Dogecoin Prices

As of today, the prices of Bitcoin, Ethereum, and Dogecoin are experiencing a significant rise, with Bitcoin reaching a peak of $93,000. This market surge is influenced by multiple factors, including recent tensions between the U.S. and Venezuela, which have heightened risk sentiment.

Key Takeaways

Bitcoin, Ethereum, and Dogecoin prices are experiencing significant increases.
Influences include geopolitical tensions and rising U.S. debt, enhancing risk sentiment.
The M2 money supply increase and Federal Reserve actions are bullish for crypto assets.
Institutional interest in Bitcoin ETF is growing, potentially leading to further price surges.
Current Bitcoin price is around $92,400, showing a positive trend.

Bitcoin

Reasons Behind the Surge in Bitcoin, Ethereum, and Dogecoin Prices

Market commentator The Kobeissi Letter highlighted in a post on X that risky assets are gaining traction despite the U.S. arresting former Venezuelan president, Maduro. This indicates that risk sentiment may be returning after the downward trend seen at the end of 2025, contributing to the upward movement in the prices of Bitcoin, Ethereum, and Dogecoin.

Additionally, an increase in the M2 money supply, which now totals $22.4 trillion as reported by the St. Louis Fed, is supporting the rise in cryptocurrency values. This increase in liquidity is expected to benefit the crypto sector. Concurrently, the U.S. national debt has reached $38.6 trillion, prompting investors to seek refuge in cryptocurrencies to protect against inflation.

It is also important to note that the U.S. Federal Reserve is conducting Reserve Management Purchases (RMP), a strategy that experts like James Lavish designate as a form of quantitative easing (QE). This approach is perceived positively for the values of Bitcoin, Ethereum, and Dogecoin. Notably, BitMEX co-founder Arthur Hayes has forecasted that Bitcoin could potentially soar to $200,000 due to the Federal Reserve's actions. Furthermore, the Fed is infusing liquidity into the economy via the New York Fed's repo operations.

Crypto Market Bulls Regain Control

Market analyst Ted Pilliows suggested that bullish sentiment is resurging in the crypto market, evidenced by the rising prices of Bitcoin, Ethereum, and Dogecoin. In a recent X post, he pointed out that Bitcoin faces substantial selling pressure between the $92,000 to $95,000 range on Binance. He indicated that if bulls can push Bitcoin above $95,000, there would be minimal resistance until reaching the $100,000 mark, indicating a potential rally toward that psychological threshold.

In another update, Ted noted that the Coinbase Bitcoin premium is bouncing back, suggesting renewed institutional interest in Bitcoin. Data from SoSoValue reveals that Bitcoin ETFs recorded a daily net inflow of $471.14 million on January 2, marking their highest level since December 17. Sustained daily inflows could further propel Bitcoin’s price, which would also positively impact the prices of Ethereum and Dogecoin.

At the time of this report, Bitcoin is trading at approximately $92,400, reflecting an increase over the past 24 hours, according to CoinMarketCap data.

Bitcoin BTC trading at $92,698 on the 1D chart | Source: BTCUSDT on Tradingview.com