Bitcoin Targets $93K as Trump Eyes Colombia After Venezuela Invasion

Bitcoin traded above $92,567 on January 5, 2026, as the cryptocurrency market responded to geopolitical developments following U.S. military action in Venezuela according to Barrons. The price rise coincided with increased risk appetite and a surge in major cryptocurrencies like Ethereum and XRP according to Cointelegraph. Bitcoin’s performance also reflected a broader trend of market consolidation after a challenging end to 2025 according to Barrons.

Ethereum climbed to $3,161, up 0.8%, while XRP reached $2.15, showing broad-based gains. The rise in altcoin prices followed a sharp liquidation of futures positions, clearing crowded positioning and resetting leverage in the market according to CoinDesk. Analysts noted that the $92,000 level represented a key target for Bitcoin as the weekly close approached.

U.S. President Donald Trump announced plans to “run” Venezuela, signaling a potential shift in regional strategy following the capture of President Nicolás Maduro. Maduro, now in U.S. custody, extended an olive branch to the Trump administration, offering cooperation on drug trafficking and opening the door to U.S. oil investments.

Why Did This Happen?

Bitcoin’s price movement followed geopolitical uncertainty, with the U.S. military operation in Venezuela and related developments boosting risk assets. The U.S. also announced a blockade of sanctioned oil tankers and pursued a third vessel, drawing diplomatic responses from Russia.

Market participants observed that Bitcoin’s correlation with tech stocks and the Nasdaq was growing, especially in the early days of 2026. The geopolitical tensions, combined with traditional safe-haven assets like gold and silver also surging, suggested a shift in market sentiment.

How Did Markets Respond?

Crypto ETFs recorded strong inflows on January 2, with Bitcoin ETFs alone seeing $471 million in net inflows according to Live Bitcoin News. BlackRock’s iShares Bitcoin Trust led with $287 million in inflows, reflecting institutional confidence and growing acceptance of digital assets.

Ethereum ETFs also saw a surge, with Grayscale’s ETHE receiving the largest inflow of $53.69 million according to Live Bitcoin News. Altcoin ETFs, including those tracking XRP and Solana, showed growing institutional interest as investors sought diversified exposure.

The ETF inflows indicated a shift in portfolio construction, with investors allocating across a broader range of cryptocurrencies rather than concentrating solely on Bitcoin or Ethereum according to Live Bitcoin News. Analysts interpreted the inflows as a sign of maturing institutional adoption and regulatory clarity according to Live Bitcoin News.

What Are Analysts Watching Next?

Bitcoin’s recent performance suggests it may be approaching a breakout from a symmetrical triangle on two-hour timeframes according to Cointelegraph. Analysts are monitoring key price levels, including $92,000 and $95,000, as potential turning points.

The U.S. Strategic Bitcoin Reserve and the CLARITY Act are seen as potential catalysts in 2026. The reserve plans to acquire up to 1 million BTC over five years, while the CLARITY Act aims to unlock $36 trillion in pension fund allocations by classifying Bitcoin as a digital commodity according to CoinEdition.

ETF infrastructure and corporate treasury buying are further factors expected to support Bitcoin’s price trajectory. With post-halving supply cuts already in effect, the limited new supply could strengthen Bitcoin’s scarcity-driven appeal.

Analysts also noted that volatility has been compressed in recent years, reducing the risk profile of Bitcoin for institutional investors. This trend could lead to more mainstream portfolio allocations as regulatory clarity improves according to CoinEdition.