At the beginning of 2026, the crypto market experienced a rollercoaster ride. Despite facing multiple macroeconomic pressures, Bitcoin demonstrated strong resilience, even becoming more vigorous after multiple surges.

The most attention-grabbing aspect of this round of market movement was the sudden geopolitical black swan. U.S. military actions against Venezuela once triggered market panic, causing BTC to instantly dip below the $90,000 mark. However, driven by geopolitical risk premiums, it quickly rebounded and ultimately closed above $93,000. This once again confirms Bitcoin's value as an anti-censorship asset — during times of global instability, it acts like a safe haven, attracting risk-averse investors.

A turning point in market sentiment came from a major announcement within the Solana ecosystem. On January 5th, Jupiter announced the launch of JupUSD, a reserve-backed stablecoin. This marks a new breakthrough in the Solana ecosystem's infrastructure layer, following the upgrade of major DEXs. Notably, JupUSD is supported by the BAILERD BUIDL Fund and will collaborate with Meteora to enhance liquidity. This strategic move indicates that the DeFi Lego ecosystem is accelerating its evolution, and the subsequent JUP flywheel effect should not be underestimated.

Meanwhile, BNB also has highlights. The governance token of this blockchain quietly surpassed the $900 mark, setting a new high. Although the rally was relatively subdued, in the context of the overall market facing correction pressures, assets that can steadily reach new highs often send positive signals. Taken together, these signs suggest that market participants are not pessimistic due to the start-of-year turbulence but are instead seeking new growth engines.