Bitcoin started the year with momentum, pushing past $94,000 Monday as institutional buyers stepped back in and sentiment across the crypto market improved. But while the broader market rallied, Dogecoin notably lagged behind its peers.

Here's where the major cryptocurrencies stood:

Market Volatility Returns

The rally came with some pain. Coinglass data shows 109,514 traders were liquidated in the past 24 hours for $423.09 million. Meanwhile, top gainers included Virtuals Protocol, Lighter and Render.

What's Moving the Market

Several developments are shaping crypto sentiment. Strategy added 1,287 Bitcoin to bring its holdings to 673,000 BTC, pushing MSTR shares up 4%. Bitmine added 32,977 ETH as BMNR sits at critical $34 support. And in a notable shift, Bank of America joined JPMorgan, Citi, and Morgan Stanley by recommending Bitcoin portfolio allocations.

Raoul Pal suggested Bitcoin could benefit from up to $8 trillion in liquidity being added in 2026. Meanwhile, Bitcoin largely ignored geopolitical turmoil in Venezuela, rallying 2.5% to $94,000. Trump's Venezuela strike has raised odds of a broader conflict with Iran in crypto betting markets.

What Traders Are Watching

Trader Michael van de Poppe said the $90,000 to $91,000 zone is the key support to watch, noting it aligns with the 21-day moving average. Holding this area and forming a higher low could set up a move toward $100,000.

Altcoin Sherpa said Bitcoin's structure remains simple but decisive. Price has failed to cleanly break higher for roughly six weeks, and a confirmed breakout would likely open the door to $100,000. Without that, Bitcoin risks remaining stuck in a choppy, range-bound environment.

CoinBureau co-founder Nic Puckrin highlighted resistance near $94,200, which coincides with the 61.8% Fibonacci retracement from last year's low to Bitcoin's all-time high, as well as a prior consolidation zone. A sustained break above this level could reinforce bullish momentum and accelerate a push toward six figures.