Bitcoin climbed above $93,000 on January 5, 2026, reaching a one-month high amid a broader cryptocurrency rally. The surge followed the U.S. capture of Venezuelan President Nicolas Maduro over the weekend, boosting risk sentiment in global markets. Ethereum, XRP, and Dogecoin also posted gains in their fifth consecutive rising session.
On January 5, 2026, Bitcoin (BTC) surged as much as 3.9% to trade around $94,000 by mid-afternoon in New York, marking its highest level since mid-November 2025. This advance came after the U.S. captured Venezuelan President Nicolas Maduro over the weekend, a development that shifted market mood toward risk assets. Gold, silver, and equities also rose as investors digested the news, with cryptocurrencies catching up to broader gains.
The rally marked the fifth straight session of increases for major tokens. Bitcoin tested an intraday high of $93,155 before closing at $92,798, up over 2% in the prior 24 hours. Ethereum (ETH) gained 0.7% to $3,162, breaking above its 50-day exponential moving average for the first time in nearly a month. XRP rose over 2% to $2.14, breaking out from a bearish channel formed since July 2025 highs. Dogecoin (DOGE) rallied to $0.1477 after four consecutive gains, though it faced resistance at $0.15.
The total cryptocurrency market capitalization exceeded $3.01 trillion, driven by renewed institutional interest and a sentiment reset from the disappointing fourth quarter of 2025. "Cryptocurrency markets are in the green as investors add digital gold to their portfolios amid positioning for the year ahead," said Petr Kozyakov, co-founder and CEO at Mercuryo. Joel Kruger, a strategist at LMAX, described the Q4 pullback as a "healthy reset" that unwound overleveraged positions and improved market structure.
Technical analysts noted Bitcoin testing resistance at $94,800-$95,500, with support at $90,000-$92,000. Areeb Khan from Traders' Hub observed that Bitcoin has been respecting a descending trendline, with a breakout above it potentially signaling a bullish shift. The Coinbase Bitcoin Premium Index rebounded sharply in early 2026, indicating returning U.S. demand after hitting a nine-month low on January 1.
While momentum built, experts cautioned that sustained breaks above key levels like $95,000 for Bitcoin are needed to confirm a trend reversal. The Venezuela event, including references to Donald Trump's "war on oil," added geopolitical context to the risk-on environment.
