Bitcoin Eyes Five-Day Winning Streak as Market Optimism Returns

Bitcoin (BTC) rose more than 1% during Monday’s Asian trading session, positioning itself for a five-day winning streak, the longest since early October. Prices climbed from roughly $91,480 to $92,500, briefly topping $93,000, according to CoinDesk data.

Major altcoins followed the rally. XRP rose to $2.1847, Solana (SOL) traded near $135.11, and Ether (ETH) reached $3,180. The CoinDesk 20 and CoinDesk 80 indexes jumped 1.5%, signaling a broad market recovery.

“Market sentiment is improving, with both Bitcoin and Ethereum moving into bullish trends,” Markus Thielen, founder of 10x Research, told CoinDesk. He noted that the late-December options expiry helped, as tax-loss selling eased and trading desks regained flexibility to deploy risk for the new year.

December had seen pressure on crypto, with U.S.-based investors reportedly selling at a loss to offset capital gains. Bitcoin underperformed major assets like the Nasdaq and gold, closing 2025 down roughly 6%.

The rally coincides with geopolitical tension after the U.S. captured Venezuelan President Nicolás Maduro. Analysts view the move as a potential safe-haven bid, with gold and silver rallying sharply. Oil held near $60 per barrel, limiting immediate inflation risks while signaling concerns over energy disruptions.

BTC’s near-term bias remains bullish as long as it holds above its 21-day exponential moving average. Early ETF inflows are supporting the trend, with eleven Bitcoin spot ETFs pulling in over $471 million on Friday, the largest single-day total since Nov. 11, according to SoSoValue.