XRP Leads Crypto Rally as Bitcoin Approaches $95,000; Crypto Stocks Surge
Crypto markets surged on Monday, driven by XRP and a strong rebound in Bitcoin. Bitcoin (BTC) rose over 3% to $94,400, its highest level since mid-November, marking the largest single-day gain in more than a month and edging closer to the key $95,000 milestone that analysts see as critical for further momentum.
XRP (XRP) outperformed, jumping 9% to just under $2.32 after breaking major resistance overnight, reaching its strongest level since mid-November.
Crypto Stocks See Broad Gains
Crypto-related stocks rallied sharply following a difficult 2025. Coinbase (COIN), upgraded to “buy” by Goldman Sachs, climbed nearly 9%, while MicroStrategy (MSTR) and Robinhood (HOOD) rose 5% and 6%, respectively.
Smaller names posted even larger moves. Bakkt (BKKT) surged 30%, Figure (FIGR) added 20%, and Bitcoin miner Hut 8 (HUT) — which pivoted to AI infrastructure last year — rose 15% to nearly $60 per share, with long-term investors eyeing its split-adjusted 2021 high of $76.
Wider Markets and Commodities
U.S. equities advanced on Monday, led by the Dow’s 1.4% gain. The Nasdaq and S&P 500 rose 0.7%. Precious metals showed upward momentum, with silver up 7% and gold gaining 3%.
Bitcoin Outlook
Despite a 6% decline in 2025, Bitcoin may be positioned for a comeback, according to Lukman Otunuga, senior market analyst at FXTM. Lower interest rates and a tightening supply of BTC — as long-term holders keep coins off exchanges — could support prices.
Still, challenges persist. New U.S. tax reporting rules and regulatory scrutiny of crypto-heavy firms could weigh on participation. Otunuga notes that surpassing $100,000 could reignite record-high ambitions, while a fall below that level could leave Bitcoin vulnerable, with support near $77,500 and $54,000.
