Why is Crypto Rising Today? – January 6, 2026

The cryptocurrency market is experiencing a positive trend today, with an increase of 1.2% in market capitalisation, now at $3.29 trillion. Most of the top cryptocurrencies have registered gains over the past 24 hours, with Bitcoin (BTC) and Ethereum (ETH) among the notable performers. Analysts attribute this surge to various factors, including renewed institutional interest.

Key Takeaways

The total cryptocurrency market capitalisation has risen to $3.29 trillion.
97 out of the top 100 cryptocurrencies have seen price increases in the last 24 hours.
Bitcoin (BTC) is currently trading at $93,583, marking a 0.8% increase.
Ethereum (ETH) is priced at $3,228 with a 1.8% gain.
Institutional investments are returning to Bitcoin ETFs, contributing to market optimism.

Why Is Crypto Up Today

Market Overview

The cryptocurrency market is up today, with market capitalisation growing by 1.2% to $3.29 trillion. Impressively, 97 of the top 100 cryptocurrencies have appreciated in value over the past 24 hours. Currently, the total trading volume in the crypto market stands at $139 billion, reflecting an upward trend in the last few days.

Performance of Major Cryptos

As of Tuesday morning, 9 out of the top 10 cryptocurrencies by market capitalisation have shown price increases within the last 24 hours:

Bitcoin (BTC) has seen a modest rise of 0.8%, trading at $93,583.
Ethereum (ETH) increased by 1.8%, now at $3,228.
The largest gain among the top coins belongs to XRP, which has surged by 9.6% to $2.35.

In contrast, Tron (TRX) is the only coin recording a minor decline of 0.1%, now trading at $0.2915.

Among the top 100 currencies, three have made significant double-digit gains:

Render (RENDER) has jumped close to 20% to $2.48.
Provenance Blockchain (HASH) gained 16.9%, reaching $0.02996.
Sui (SUI) rose by 16.1% to $1.96.

In the red, Midnight (MIDNIGHT) recorded the largest drop, falling by 7.8% to $0.07978.

Bill Miller IV, Chief Investment Officer at Miller Value Partners, pointed out that Bitcoin finished 2025 down 6%, which he considers not alarming given its long-term volatility. He remains optimistic, predicting Bitcoin could surpass its previous all-time high.

Insights on Market Trends

Investment analyst and co-founder of the Coin Bureau, Nic Puckrin, noted that on the first Monday of 2026, Bitcoin was moving in alignment with gold and silver. He emphasized that this trend shouldn't be seen as a convergence between these assets because they are influenced by different factors.

Puckrin mentioned that the recent momentum in precious metals and Bitcoin seems triggered by different market conditions. Bitcoin experienced an oversold correction at the end of last year, which led to the current rebound. As institutions showed increased interest, inflows into Bitcoin ETFs totaled $471.3 million on the first trading day of 2026, signaling fresh institutional participation as investors returned from the holiday season.

Yet Puckrin cautions that this correlation between Bitcoin and gold is likely coincidental and shouldn't imply a consistent relationship going forward.

Glassnode indicates that Bitcoin is stabilizing within the price range of $80,000–$95,000 as selling pressure decreases.

Future Price Levels to Monitor

Currently, BTC is valued at $93,583, having bounced back from a low of $92,474 to a high of $94,634 over the trading day. Over the past week, Bitcoin has appreciated 6.6%, fluctuating between $87,409 and $94,420. If BTC maintains above $93,000, potential resistance levels could see it reach $95,300, $97,000, and possibly $100,000. Conversely, a drop may pull the price below $90,000.

Bitcoin Trading Chart

Ethereum is currently trading at $3,228, having improved from an intraday low of $3,138 to a high of $3,253. Over the past week, ETH has also outperformed BTC, gaining 8.5%. Its trading range has been between $2,953 and $3,240. Should ETH consistently stay above $3,300, it could rise towards levels of $3,470, $3,600, and $3,800. A downturn could see ETH fall below $3,100.

Moreover, there has been a notable change in crypto market sentiment, which has moved closer to neutral territory. The crypto fear and greed index stands at 49 today, up from 42 yesterday and significantly higher than its intra-month low of 21, indicating less fear in the market.

Institutional Interest Acknowledged

The new trading week kicked off positively, with US Bitcoin spot exchange-traded funds (ETFs) receiving $697.25 million in inflows on Monday, the highest since October 2025, bringing the total net inflow to $57.78 billion. Nine out of twelve Bitcoin ETFs noted inflows, with BlackRock leading with $372.47 million, followed by Fidelity and Bitwise with $191.19 million and $38.45 million, respectively.

BTC ETF Inflows

Likewise, US Ethereum ETFs saw inflows of $168.13 million on January 5, with the total net inflow hovering around $12.5 billion. Of the nine funds, five reported inflows without any outflows, consistent with the previous trading day.

ETH ETF Inflows

On a broader scale, Strategy reported a $17.44 billion unrealised loss in digital assets for the three months closing December 31, 2025, and an unrealised loss of $5.4 billion for the full year, alongside a deferred tax benefit of $1.55 billion.

Quick FAQ

In summary, the cryptocurrency market has seen a positive turn, mirroring gains in the US stock market, where the S&P 500 rose by 0.64%, the Nasdaq-100 by 0.77%, and the Dow Jones Industrial Average also by 0.77%. This market shift coincided with US military actions in Venezuela, highlighting the ongoing intertwining of global events and market sentiment.

Overall, analysts predict that the cryptocurrency market has room for growth in the mid-term, barring any significant macroeconomic challenges that may impact prices.