On January 5, the first cryptocurrency continued its strong recovery, crossing the $93,000 mark.
Over the past day, the asset rose by 2.6%, and by 6.9% over the week, according to CoinGecko. At the time of writing, digital gold is trading around $93,600:
Four-hour BTC/USDT chart from Binance. Source: TradingView.
The price of Ethereum tested the $3,200 mark. In the last 24 hours, the coin increased by 1.5%, and by 8.4% over the week.
XRP from Ripple showed even stronger dynamics. In the past 24 hours, the token rose by 4.8%, and by 17% over the past seven days.
Top 10 crypto assets by market capitalization. Source: CoinGecko.
Attractive Entry Point
According to Min Chong from Presto Research, the current rise in digital currency prices fits into a global "rally of all assets." The analyst noted a "synchronization" with Asian exchanges—by noon on January 5, the South Korean Kospi index and the Japanese Nikkei had both risen by over 2.8%.
"The first week of the year often involves portfolio rebalancing and the opening of new positions. Investors likely view the current price of Bitcoin as an attractive entry point," explained Chong.
He added that traders continue to monitor the geopolitical situation, which is a key driver of volatility in global markets.
Nick Rak, director of LVRG Research, linked the momentum of the first cryptocurrency to the resumption of business activity after the holidays. Another important factor is that institutional investors continue to accumulate the asset amid consolidation.
"Market participants are watching key resistance around $95,000, anticipating a sustainable breakout. Also in focus are the impacts of macroeconomic shifts and the dynamics of inflows into ETFs in early 2026," noted Rak.
The Venezuela Factor
Jeff Ko, chief analyst at CoinEx Research, told The Block that the market is closely watching U.S. actions in Venezuela, especially regarding signs of a "strategic entry" into the oil sector.
A strong trigger was the news that President Nicolás Maduro and his wife were taken to New York. This event triggered a chain reaction: oil prices slightly declined, and tensions in the Middle East increased—Israeli opposition called on Iran to learn from the Venezuelan scenario.
As traditional exchanges were closed for the weekend, the crypto industry was the first to react to the events. Jeff Ko emphasized that the positive dynamics of digital assets indicate that investors interpreted the news as a signal to increase risk-taking.
Recall that at the end of December, retail investors outpaced whales in the accumulation of digital gold.