The largest cryptocurrency rose as much as 2.3% on Monday, trading at just under $93,000 as of 6:34 a.m. in New York. Ether also went higher. Bitcoin’s rise came as gold, silver and stocks rose following the ouster of Venezuelan President Nicolas Maduro.
Bitcoin surpassed its 50-day moving average for the first time since the crypto market crash began in early October, one of several indicators that prices are on firmer footing. The token is up about 6% so far this year.
Political uncertainty, fueled by Maduro’s capture by US forces late last week, has failed to dampen investor appetite for riskier assets such as technology stocks, while fueling new gains in gold and silver. U.S. stock futures edged higher on Monday, led by technology stocks.
Bitcoin has historically been touted as a haven in times of turmoil, while at other times it has moved more in line with stocks and other risky assets. The token fell 24% in the fourth quarter, a sharp break from gold and silver prices.
The recent gains have been driven by so-called crypto-native companies, those that focus specifically on digital assets, and a lack of sales by groups such as Bitcoin miners, wealthy family offices and other large investment funds, said Sean McNulty, APAC derivatives trading leader at FalconX.
Tight range
Bitcoin has been stuck in a tight trading range for weeks, missing a stock rally over the Christmas holidays and ending 2025 down 6.5%. The sector underperformed last year, despite a series of industry-friendly policies in the US implemented by President Donald Trump.
On January 2, investors poured a combined $471 million into the twelve US-listed Bitcoin exchange-traded funds, the most since November 11, adding to signs of a mood swing.
Positioning in derivatives is also heating up. Bitcoin’s perpetual funding rate for futures, which measures the cost of borrowing to fund bullish bets, is at its highest level since October 18, according to data from CryptoQuant.
“This is a market that is stabilizing and not accelerating,” said Timothy Misir, head of research at crypto firm BRN. “The coming weeks will determine whether fresh capital can translate into sustainable momentum or whether time remains the dominant force determining price.”
Traders are now waiting to see if Bitcoin can make a sustained break through the $94,000 barrier, with $88,000 being the key downside to watch, McNulty said.
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Published on January 5, 2026
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