Bitcoin Eyes Longest Daily Winning Streak in 3 Months
Bitcoin surged over 1% during Monday’s Asian trading session, briefly topping $93,000 and positioning the cryptocurrency for its longest winning streak in three months.
Price Surge and Market Momentum
The leading cryptocurrency by market value jumped from roughly $91,480 to $92,500, marking a potential five-day winning streak—the longest since early October. At one point, prices reached $93,000, reflecting renewed bullish momentum. Major altcoins also gained ground, with XRP, Solana, and Ether each rising between 0.7% and 1%. The CoinDesk 20 and CoinDesk 80 Indexes climbed 1.5%, indicating broader market optimism. This uptick follows a challenging 2025 for Bitcoin, which underperformed assets like Nasdaq and gold, ending the year with a 6% loss. The performance was particularly weak during North American trading hours in the final weeks of the year, amid broader market pressures.
"Market sentiment is improving, with both Bitcoin and Ethereum transitioning into bullish trend regimes," said Markus Thielen, founder of 10x Research, in a Telegram message to CoinDesk.
Thielen noted that the shift turned constructive after the late-December options expiry, as traders anticipated the subsidence of tax-loss selling. This strategy involves investors selling underperforming assets to offset capital gains and reduce tax liabilities, a common practice at year-end.
Geopolitical Influences and Safe-Haven Demand
The rally coincides with heightened geopolitical tensions, particularly following the U.S. capture of Venezuelan President Nicolás Maduro. Analysts view this as a signal of cryptocurrencies’ growing role as safe-haven assets amid global uncertainties.
"We view the simultaneous surge across multiple asset classes following U.S. military action in Venezuela as a textbook flight to quality. Safe havens such as gold and silver are rallying sharply as investors price in elevated geopolitical risk that could persist or escalate," said Ryan Lee, chief analyst at cryptocurrency exchange Bitget, in an email.
Oil prices remain contained around $60 per barrel, limiting immediate inflation pressures, but markets are discounting potential energy disruptions and tighter liquidity conditions that could prompt the Federal Reserve to maintain elevated interest rates.
ETF Inflows and Technical Outlook
Supporting the bullish case, the 11 Bitcoin spot exchange-traded funds (ETFs) attracted over $471 million on Friday—the largest single-day inflow since November 11. Thielen emphasized that the near-term bias remains upward as long as Bitcoin holds above its 21-day exponential moving average. Bitcoin’s resilience amid these factors highlights its evolving position in global finance, potentially signaling a broader recovery in the crypto sector after a subdued 2025. What could this momentum mean for Bitcoin’s trajectory in 2026, especially as institutional adoption grows and geopolitical risks persist?
