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Bitcoin eyes $94,000 as crypto prices manage early U.S. gains for second straight session
Yahoo Finance· 2026-01-05 15:56
Market Overview - Crypto prices are experiencing strength as traders return to risk assets following the capture of Venezuela's Nicolas Maduro, marking a notable change from late 2025 when the sector consistently pulled back during U.S. trading hours [1] - Traditional markets are also posting gains, with the Nasdaq climbing over 1% and precious metals like gold and silver rising by 2.8% and 8% respectively [5] Bitcoin and Altcoin Performance - Bitcoin (BTC) has rallied nearly 1% since the U.S. stock market opened, reaching nearly $94,000, which is a 3% increase over the past 24 hours and the highest level since early December [4] - Other cryptocurrencies such as Ether (ETH) and XRP have shown similar upward trends, while Solana (SOL) is up 1%. Dogecoin (DOGE) has seen a modest decline over the past 24 hours but remains 20% higher over the past week, leading to increased ETF inflows [4] Demand Indicators - The Coinbase Bitcoin Premium Index has significantly increased in the first week of 2026, indicating a rebound in U.S. demand. The index had previously fallen to its lowest level in nine months on January 1, when Bitcoin was trading around $88,000, with a reading of minus 0.018% [2] - The premium has improved to around minus 0.03%, suggesting that U.S. capital flows are beginning to return [3] Key Levels and Market Sentiment - The $95,000 mark is identified as a critical level for Bitcoin, with market analysts awaiting confirmation during the U.S. session to determine if the late-2025 pattern of U.S. selling will reverse [6] - If Bitcoin and Ether maintain their positions above key levels during the U.S. session, systematic buyers may enter the market, potentially adding to the momentum [7] Digital Asset Treasury Companies (DATs) - Digital asset treasury companies (DATs) are experiencing significant gains, with Strive (ASST) reporting a purchase of 101.8 BTC in Q4, increasing its total holdings to 7,626 BTC valued at approximately $708 million [8]