Bitcoin Extends Rally, Poised for Longest Winning Streak Since October
Bitcoin rose more than 1% during Monday’s Asian trading session, putting the cryptocurrency on track for a five-day winning streak, its longest run of daily gains since early October. Prices climbed from around $91,480 to $92,500, briefly pushing above $93,000, according to CoinDesk data.
Gains were broad-based across the market. XRP advanced to about $2.18, Solana (SOL) traded near $135, and Ether (ETH) hovered around $3,180. The CoinDesk 20 and CoinDesk 80 indexes both rose 1.5%, reflecting renewed risk appetite across digital assets.
“Market sentiment is improving, with both Bitcoin and Ethereum shifting into bullish trend regimes,” said Markus Thielen, founder of 10x Research. He noted that conditions turned more constructive after late-December options expiry, as tax-loss selling faded and trading desks regained flexibility to add risk at the start of the year.
Crypto markets had struggled through December, with U.S.-based investors reportedly selling holdings at a loss to offset capital gains. Bitcoin underperformed major assets such as the Nasdaq and gold in 2025, ending the year down roughly 6%.
The latest upswing has coincided with renewed geopolitical tensions following the U.S. capture of Venezuelan President Nicolás Maduro. Analysts see the move as part of a broader flight to safety, with gold and silver rallying sharply. Oil prices, however, remained contained near $60 per barrel, limiting immediate inflation concerns.
Looking ahead, Bitcoin’s near-term outlook remains constructive as long as prices hold above the 21-day exponential moving average, Thielen said. Support has also come from ETF demand, with the 11 spot bitcoin ETFs recording more than $471 million in inflows on Friday, the largest single-day total since Nov. 11, according to SoSoValue.
