Bitcoin Hits $93,000 with 5-Day Winning Streak as Safe-Haven Demand Surges
Bitcoin hit $93,000 on Jan 5, 2026, marking its longest daily winning streak in 3 months. Geopolitical tension in Venezuela and ETF inflows are fueling the rally.
Bitcoin's kicking off 2026 with a bang. The leading cryptocurrency just hit $93,000, eyeing its longest daily winning streak since early October. After a lackluster 2025 where it ended with a 6% loss, Bitcoin (BTC) is regaining its momentum as tax-loss selling fades and geopolitical tensions drive investors toward 'digital gold'.
Bitcoin 5-Day Winning Streak Fueled by Geopolitics
During Monday's Asian trading session on January 5, 2026, Bitcoin rose over 1%, climbing from $91,480 to briefly top $93,000. Analysts point to the U.S. military action in Venezuela as a primary catalyst. Ryan Lee, chief analyst at Bitget, noted that the surge across multiple asset classes following the capture of President Nicolás Maduro is a "textbook flight to quality," with Bitcoin benefiting alongside gold and silver.
The macro shift is also driven by the end of December's tax-loss harvesting. Markus Thielen of 10x Research highlighted that trading desks are regaining flexibility to deploy risk into the new year. "Market sentiment is improving, with both Bitcoin and Ethereum transitioning into bullish trend regimes," Thielen stated.
ETF Inflows and Broader Market Cheer
Institutional support remains robust, with the 11 Bitcoin spot ETFs pulling in over $471 million last Friday—the highest single-day inflow in nearly two months. The optimism isn't limited to Bitcoin; XRP has broken past $2.12 due to shrinking exchange supply, while Solana (SOL) and Ether (ETH) also saw gains of up to 1%.
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