Bitcoin It climbed more than 1 percent during Monday’s Asian trading session, positioning itself for a five-day winning streak, the longest since early October.
The leading cryptocurrency rose by market value from around $91,480 to $92,500, data from Kandisk showed. At one point, prices topped out at 93,000. Major alternative cryptocurrencies such as Solana and ether Increased from 0.7% to 1%. The CoinDesk 20 and CoinDesk 80 indexes rose 1.5 percent, pointing to broader market euphoria.
“Market sentiment is improving, with both Bitcoin and Ethereum transitioning into bullish trend regimes,” Markus Thelen, founder of 10X Research, who was recently voted a top crypto analyst, said in a Telegram message to CoinDesk.
“We took a constructive stance after options expired in late December, anticipating that tax cut selling would moderate and that trading desks would regain risk deployment flexibility in the new year,” Thielen added.
Bitcoin and the broader crypto market remained depressed for much of December as US-based holders liquidated their holdings at the expense of reducing investment gains and reducing overall tax liability. Investors intentionally realize losses on underperforming assets to reduce tax owed on profitable sales.
Bitcoin underperformed the Nasdaq, gold, and other precious metals during 2025, ending with a 6 percent loss. The performance was particularly weak during North American trading hours in the final weeks of the year.
Bitcoin’s latest uptick in the U.S. arrest of Venezuelan President Nicolas Maduro coincides with new geopolitical pressure. This rise is seen as a sign of rising cryptocurrencies attracting safe haven demand.
“We see the simultaneous rise in multiple asset classes following US military action in Venezuela as a textbook flight to quality. Safe havens like gold and silver are rising sharply as investors price in elevated geopolitical risk that may persist or increase,” Ryan Lee, Budget’s chief analyst for cryptocurrencies, said in an email.
Oil is now relatively consed, around the $60 per barrel level, which helps limit immediate inflationary pressures, but markets are clearly discounting the risk of future energy constraints and tighter liquidity conditions that could force the Federal Reserve to keep rates higher, Lee added. “
Looking ahead, according to Thelen, the bias remains bullish while BTC price is above the 21-day moving average.
“Early ETF inflows have been encouraging, and as long as bitcoin is above its 21-day moving average, the near-term bias remains to the upside,” Thielen said.
Eleven bitcoin spot exchange-traded funds (ETFs) pulled in more than $471 million on Friday, the biggest single-day total since Nov. 11, according to data source Sosovalu.