Why Is Crypto Up Today? – January 6, 2026

The crypto market is up today, with the cryptocurrency market capitalisation increasing by 1.2% and rising slightly to $3.29 trillion. Notably, 97 of the top 100 coins have appreciated over the past 24 hours. At the same time, the total crypto trading volume is at $139 billion, climbing over the past couple of days.

Crypto Winners & Losers

At the time of writing on Tuesday morning, 9 of the top 10 coins per market capitalisation have seen their prices increase over the past 24 hours.

Bitcoin (BTC) is up by 0.8% since this time yesterday, currently trading at $93,583. This is the smallest increase in the category today.

Bitcoin (BTC)

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Ethereum (ETH) is up by 1.8%, now changing hands at $3,228.

The category’s highest increase is 9.6% by XRP, currently standing at $2.35. It’s followed by ETH.

At the same time, Tron (TRX) is the only red coin, with a change of 0.1%, now standing at $0.2915.

Looking at the top 100 coins, 97 coins saw increases. Of these, three are double-digit.

Render (RENDER) appreciated by just below 20% to $2.48.

Provenance Blockchain (HASH) and Sui (SUI) follow with increases of 16.9% and 16.1% to $0.02996 and $1.96, respectively.

On the other hand, of the three red coins, Midnight (MIDNIGHT) fell the most: 7.8% to $0.07978.

Meanwhile, Bill Miller IV, chief investment officer at Miller Value Partners, said that BTC was down 6% in 2025. “For an asset with that level of volatility over the long run, that’s not a big deal,” he said. “

“It looks like it’s ready to go again,” Miller said. “I personally expect it to break out to a higher high than its all-time high from the fall.”

‘Reflective Bounce’

Nic Puckrin, investment analyst and co-founder of the Coin Bureau, commented that the first Monday of 2026 saw gold, silver, and BTC moving in the same direction.

“It would be tempting to label this a ‘risk-off’ or dollar debasement trade and predict that Bitcoin and gold are converging – but this isn’t what’s happening here,” Puckrin says. “In fact, Bitcoin and precious metals are being driven by very different forces.”

Gold and silver are extending last year’s momentum. It stalled somewhat at the end of the year, the co-founder explains, providing investors on the sidelines with an entry point.

However, BTC “was so oversold at the end of last year that we’re now seeing a reflexive bounce.”

Moreover, Friday, which was the first full ETF trading day of 2026, saw $471.3 million of inflows into Bitcoin ETFs, suggesting institutions are piling back in. “We’re seeing more of the same today as investors come back to their desks after the festive season,” he says.

“But this doesn’t mean that Bitcoin and gold are converging, or that Bitcoin will now rally every time geopolitical tensions escalate. For now, it’s a simple coincidence,” Puckrin concludes.

According to Glassnode, BTC is stabilising within the $80,000–$95,000 range as momentum recovers and sell pressure eases.

Levels & Events to Watch Next

At the time of writing on Tuesday morning, BTC stood at $93,583. The price jumped from the intraday low of $92,474 to the high of $94,634 and has been trading relatively sideways since.

Also, it’s up 6.6% in a week, trading within a notably wider range of $87,409–$94,420.

If the coin holds above $93,000, it may proceed towards $95,300, followed by $97,000 and finally $100,000. Yet, a fall could drag the price back below $90,000.

Ethereum is currently changing hands at $3,228. It has increased from the day’s low of $3,138 to the intraday high of $3,253.

Also, ETH has outperformed BTC in the 7-day period, with an 8.5% increase. It moved between $2,953 and $3,240.

Should the price firmly hold the $3,300, it would open a path towards $3,470, $3,600, and $3,800. A turn in the market could see ETH drop below $3,100.

Ethereum (ETH)

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Moreover, the crypto market sentiment has seen another notable increase, rising within the neutral territory.

The crypto fear and greed index stands at 49 today, compared to 42 yesterday and to its intra-month low of just 21. It is out of the fear zone for the first time since October 2025.

When it comes to the short- and mid-term outlook, the optimism seems to still be rising. Zooming out, they appear to be far more concerned and cautious in the longer term.

ETF Inflows Continue

Like the year, the first day of the year’s first full week of trading began in the green. The US BTC spot exchange-traded funds (ETFs) recorded $697.25 million in inflows on Monday. This is the highest amount since October 2025. The total net inflow rose to $57.78 billion.

Also, like in the previous session, nine of the twelve BTC ETFs recorded inflows, while none saw outflows.

BlackRock again posted the highest amount on Monday of $372.47 million. It’s followed by Fidelity’s $191.19 million and Bitwise’s $38.45 million.

Also, the US ETH ETFs posted positive flows on 5 January as well, with $168.13 million. The total net inflow hovers around $12.5 billion.

Of the nine funds, five recorded inflows, and none posted outflows – the same as the previous trading day on Friday.

BlackRock took in $102.9 million in inflows, while Grayscale posted $23.66 million in total on this day, significantly lower than the session.

Meanwhile, Strategy reported a $17.44 billion unrealised loss on digital assets for the three months ended 31 December 2025.

Additionally, for the full year, Michael Saylor’s company said it recorded a $5.4 billion unrealised loss on digital assets and a $1.55 billion associated deferred tax benefit.

Quick FAQ

1. Why did crypto move with stocks today?

The crypto market recorded an increase over the past 24 hours. Also, the US stock market started the week with a session that closed higher as well. By the closing time on Monday, 5 January, the S&P 500 was up by 0.64%, the Nasdaq-100 increased by 0.77%, and the Dow Jones Industrial Average rose by 0.77%. This comes after the US military entered Venezuela and abducted its president, Nicolás Maduro, with the US president Donald Trump claiming the US is “in charge” of Venezuela – the country with the world’s largest oil reserves.

1. Is this rally sustainable?

The crypto market has more room rise in the mid-term. Bar significant macroeconomic effects, analysts argue that we could see crypto prices rise moderately in this time frame.