Bitcoin Advances to Almost Four-Week High as Risk Assets Rally

Market Overview - Bitcoin rose to a three-week high, trading just below $93,000, with a 2.3% increase on Monday, as digital assets align with gains in stocks and precious metals [1] - Bitcoin surpassed its 50-day moving average for the first time since early October, indicating a potential stabilization in prices, with the token up about 6% year-to-date [2] Political and Economic Context - Political uncertainty following the ouster of Venezuela's President Nicolas Maduro has not deterred investor interest in riskier assets, including technology stocks, while contributing to gains in gold and silver [3] - Bitcoin has historically been viewed as a safe haven during turmoil but has also shown correlation with stocks and risk assets [3] Market Dynamics - Recent gains in Bitcoin are attributed to crypto-native firms and a lack of selling pressure from Bitcoin miners and large investment funds [4] - Bitcoin has been trading in a tight range, missing out on stock rallies, and ended 2025 down 6.5% despite favorable industry policies in the US [5] Derivatives Market - Bitcoin's perpetual futures funding rate is at its highest since October 18, indicating increased bullish sentiment among traders [6] - Market participants are closely monitoring Bitcoin's ability to break through the $94,000 resistance level, with $88,000 identified as a key support level [6]