The cryptocurrency sector began the week on a positive note. Bitcoin surged to its highest price in nearly a month, fueled by a broad upswing in risk assets, while investors continue to assess the global implications following the capture of Venezuelan President Nicolas Maduro.
Bitcoin climbed over 3% today, briefly reaching $94,000 before settling just below that mark. Ethereum also experienced modest gains alongside Bitcoin’s rally.
The upward movement in Bitcoin paralleled increases seen in precious metals like gold and silver as well as equities. Despite heightened geopolitical tensions after Maduro’s transfer to US custody by American special forces, investor appetite for risk remained resilient. US stock indices closed higher with technology shares leading the charge.
From a technical standpoint, Bitcoin has surpassed its 50-day moving average for the first time since early October’s steep decline—a key signal suggesting that market support is strengthening. Year-to-date, Bitcoin has gained roughly 6%.
Market analysts highlight that Bitcoin sometimes acts as a safe haven asset but at other times correlates closely with more volatile investments such as stocks. During Q4 last year when it dropped 24%, Bitcoin diverged significantly from gold and silver prices. The recent price appreciation appears driven mainly by buying activity from crypto-centric firms combined with minimal selling pressure from miners and institutional holders. Sean McNulty, Head of Derivatives at FalconX APAC, explains this dynamic has bolstered prices.
After weeks of trading within a tight range—largely missing out on holiday season stock rallies—Bitcoin ended 2025 down about 6.5%, underperforming broader markets despite more favorable regulatory sentiment under former US President Donald Trump’s administration last year. However, investor confidence seems to be shifting: on January 2nd alone, $471 million flowed into twelve spot-based Bitcoin ETFs listed in the United States.
Derivatives markets are also showing increased activity: data from CryptoQuant reveals funding rates for perpetual futures contracts tied to Bitcoin have reached their highest point since October 18th this year. Timothy Misir, Research Director at BRN commented: “This reflects market stabilization rather than acceleration. The upcoming weeks will determine if fresh capital inflows can sustain momentum.”
Analysts are closely monitoring whether bitcoin can maintain levels above $94K permanently while keeping an eye on critical support near $88K on any downside moves.
Within the past day approximately $297 million worth of crypto positions were liquidated across exchanges—with short positions constituting most of these closures.
This content does not constitute financial advice.