The Bitcoin, Ethereum, and Dogecoin prices are rising today, with the flagship crypto rising to as high as $93,000. This market rally comes on the back of several factors, including the U.S.-Venezuela escalations, which have increased risk sentiment.
Why The Bitcoin, Ethereum, And Dogecoin Prices Are Up
In an risk sentiment may be back after the year-end decline in 2025, which has contributed to the recent rise in Bitcoin, Ethereum, and Dogecoin prices.
The Bitcoin, Ethereum, and Dogecoin prices are also rising on the back of an increase in the M2 money supply, which now stands at $22.4 trillion, according to data from the St. Louis Fed. This is bullish for crypto assets as some of this liquidity is expected to flow into the crypto ecosystem. Meanwhile, the U.S. debt continues to rise, standing at $38.6 trillion, a development that is bullish for crypto as investors hedge against inflation by allocating to these asset classes.
Meanwhile, it is worth noting that the Fed has also been carrying out its Reserve Management Purchases (RMP), which experts such as James Lavish have described as a form of quantitative easing (QE), which is positive for the prices of Bitcoin, Ethereum, and Dogecoin. BitMEX co-founder Arthur Hayes has even predicted that BTC could rally to as high as $200,000 on the back of this move from the Fed. Meanwhile, the Fed has also been injecting liquidity into the economy through the New York Fed’s repo operations.
Crypto Bulls Are Back In Control
Market analyst Ted Pilliows also suggested that the crypto bulls are back in control, which is why the Bitcoin, Ethereum, and Dogecoin prices are rising. In an BTC above the $95,000 level, there is very little resistance until $100,000, suggesting a rally to this psychological level could be on the cards.
In another Bitcoin ETFs recorded a daily net inflow of $471.14 million on January 2, their largest since December 17. A sustained daily net inflow could lead to higher prices for BTC, which is also a positive for the Ethereum and Dogecoin prices.
At the time of writing, the Bitcoin price is trading at around $92,400, up in the last 24 hours, according to data from CoinMarketCap.