BTC nears a three-month high for consecutive daily gains.

Bitcoin Nears Five-Day Winning Streak as Markets Turn Bullish

Bitcoin (BTC) rose over 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 also gained ground. XRP rose to $2.1847, Solana (SOL) traded near $135.11, and Ether (ETH) reached $3,180. The CoinDesk 20 and CoinDesk 80 indexes rose 1.5%, signaling broader market strength.

“Market sentiment is improving, with both Bitcoin and Ethereum transitioning into bullish trend regimes,” Markus Thielen, founder of 10x Research, told CoinDesk. He said the late-December options expiry helped, as tax-loss selling subsided and trading desks regained flexibility to deploy risk in the new year.

Bitcoin and the wider crypto market had struggled in December, as U.S.-based investors reportedly sold at a loss to offset capital gains. BTC underperformed the Nasdaq, gold, and other precious metals in 2025, ending the year down about 6%.

The latest rally coincides with renewed geopolitical stress after the U.S. captured Venezuelan President Nicolás Maduro. Analysts see the move as a potential safe-haven play. “Gold and silver are rallying sharply as markets price in elevated geopolitical risk,” said Ryan Lee, chief analyst at Bitget. Oil remained near $60 per barrel, limiting immediate inflation pressures but reflecting concerns over future energy disruptions.

Looking ahead, BTC’s near-term outlook remains bullish as long as it holds above its 21-day exponential moving average. “Early ETF inflows have been encouraging,” Thielen said. Eleven Bitcoin spot ETFs recorded over $471 million in inflows on Friday, the largest single-day total since Nov. 11, according to SoSoValue