Bitcoin breaks $94,000 for the first time in a month: Why is crypto up today?
January 6, 2026 · 9:29 AM
On January 5, Bitcoin (BTC) surged past $94,000, marking its highest price since December 10 and contributing to a nearly $100 billion increase in the total cryptocurrency market capitalization within 24 hours. This rally was fueled by strong inflows into spot Bitcoin ETFs, bullish positioning in derivatives, and favorable macroeconomic conditions.
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