Why Is Crypto Up Today? – January 6, 2026

Market Overview - The cryptocurrency market capitalisation has increased by 1.2%, reaching $3.29 trillion, with 97 of the top 100 coins appreciating over the past 24 hours [1][2] - Total crypto trading volume is at $139 billion, showing an upward trend over the past few days [1] Performance of Major Cryptocurrencies - Bitcoin (BTC) has risen by 0.8% to $93,583, while Ethereum (ETH) is up by 1.8% to $3,228 [2][3] - XRP has the highest increase among the top coins, appreciating by 9.6% to $2.35 [3] - Tron (TRX) is the only coin in the red, with a slight decrease of 0.1% to $0.2915 [4] Notable Increases in Other Coins - Render (RENDER) has appreciated by nearly 20% to $2.48, followed by Provenance Blockchain (HASH) and Sui (SUI) with increases of 16.9% and 16.1% to $0.02996 and $1.96, respectively [4] Institutional Involvement and Market Sentiment - US BTC and ETH spot ETFs have seen inflows of $697.25 million and $168.13 million, indicating renewed institutional interest [2] - Market sentiment is currently rising within the neutral zone, suggesting a potential positive outlook for the crypto market [2] Analyst Insights - Bill Miller IV, CIO at Miller Value Partners, noted that BTC's 6% decline in 2025 is not significant given its volatility, and he expects BTC to break its all-time high [5] - Nic Puckrin, co-founder of Coin Bureau, observed that gold, silver, and BTC moved in the same direction at the start of 2026, indicating a potential correlation [5]