On January 5th, Bitcoin continued its steady recovery, surpassing the $93,000 mark.
Over the past 24 hours, 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:
Ethereum’s price tested the $3,200 level. The coin appreciated by 1.5% over the day and 8.4% over the week.
XRP from Ripple showed a more convincing growth. Over the last 24 hours, the token increased by 4.8%, and by 17% over seven days.
An Attractive Entry Point
According to Min Chong of Presto Research, the current rise in digital currency prices fits into the global “all asset rally.” The analyst noted the synchronous growth with Asian exchanges—by noon on January 5th, South Korea’s Kospi and Japan’s Nikkei indices had risen by more than 2.8%.
“The first week of the year is often accompanied by portfolio rebalancing and the opening of new positions. Investors are likely viewing the current Bitcoin price as an attractive entry point,” Chong explained.
He added that traders continue to monitor geopolitical conditions—the main driver of volatility in global markets.
Nick Rack, Director of LVRG Research, linked the momentum of the leading 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 the key resistance around $95,000, anticipating a sustained breakout. Also in focus is the impact of macroeconomic shifts and the dynamics of inflows into ETFs at the start of 2026,” Rack noted.
The Venezuela Factor
Chief Analyst at CoinEx Research, Jeff Ko, told The Block that the market is closely watching U.S. actions in Venezuela, especially in the context of signs of a “strategic entry” into the oil sector.
A strong trigger was the information that President Nicolás Maduro and his wife were brought to New York. The event triggered a chain reaction: oil prices slightly decreased, and tensions in the Middle East increased—Israel’s 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 perceived the news as a signal to increase risk assets.
Back in late December, retail investors outpaced whales in the rate of accumulating digital gold.