Bitcoin Eyes Five-Day Winning Streak Amid Market Optimism and Geopolitical Tensions
Bitcoin (BTC) climbed more than 1% during Monday’s Asian trading session, setting up a potential five-day winning streak, the longest since early October. The cryptocurrency rose from roughly $91,480 to $92,500, briefly topping $93,000, according to CoinDesk data.
Major altcoins also gained: XRP rose to $2.1847, Solana (SOL) to $135.11, and Ether (ETH) reached $3,180. The CoinDesk 20 and CoinDesk 80 Indexes jumped 1.5%, signaling broad market strength.
“Market sentiment is improving, with both Bitcoin and Ethereum transitioning into bullish trend regimes,” Markus Thielen, founder of 10x Research and recently voted top crypto analyst, told CoinDesk via Telegram. He noted that constructive conditions emerged after the late-December options expiry, as tax-loss selling subsided and trading desks regained flexibility to deploy risk into the new year.
Bitcoin and the broader crypto market had struggled through December as U.S.-based holders reportedly sold at a loss to offset capital gains. BTC underperformed major assets like the Nasdaq, gold, and other precious metals in 2025, closing the year down about 6%.
The latest rally comes amid renewed geopolitical stress following the U.S. capture of Venezuelan President Nicolás Maduro. Analysts see the uptick as a potential safe-haven move. “The simultaneous surge across multiple asset classes after U.S. military action in Venezuela is a textbook flight to quality,” said Ryan Lee, chief analyst at crypto exchange Bitget. Gold and silver rallied sharply, while oil held near $60 per barrel, limiting immediate inflation pressure but reflecting concern over future energy disruptions.
Looking ahead, BTC’s near-term bias 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.
