- Bitcoin rose just over 1% in Monday’s Asian session, eyeing a five-day winning streak.
- Major altcoins, including XRP, SOL, and ETH, also gained between 0.7% and 1%.
- Analysts cite easing tax-loss selling and post-options-expiry flows as drivers.
- Geopolitical tensions tied to U.S. action in Venezuela coincided with broader safe-haven buying.
- Eleven bitcoin spot ETFs recorded roughly $471 million in inflows on Friday, an encouraging single-day total.
Bitcoin climbed just over 1% during Monday’s Asian trading session and moved from about $91,480 to roughly $92,500, at one point topping $93,000, positioning the coin for a five-day winning streak. Prices and market data are reported in the linked data show. The rise came as major altcoins advanced, with XRP near $2.13, SOL about $136, and ETH near $3,153.
Market participants said sentiment improved after late-December options expiry and reduced tax-loss selling, allowing trading desks to re-enter risk positions. Markus Thielen, founder of 10x Research, noted the shift and said the market had turned constructive; he added that holding above the 21-day exponential moving average would keep the near-term bias positive. His comments were shared via a Telegram message and are summarized in the linked data show.
The broader market advanced: the CoinDesk 20 and CoinDesk 80 Indexes rose about 1.5%, signaling wider gains. Observers also tied the rally to renewed geopolitical stress after the U.S. capture of Venezuela’s president, which some view as prompting safe-haven flows. Ryan Lee, chief analyst at Bitget, said the move resembled a flight to quality and pointed to sharp rallies in Gold and silver in response; his remarks were shared by email and are cited in the linked data show.
Early spot ETF activity helped momentum: eleven bitcoin spot ETFs logged about $471 million in inflows on Friday, the largest single-day total since Nov. 11, according to SoSoValue. Chart data referenced in the coverage came from TradingView.
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