Why Is Crypto Up Today? – January 5, 2026

The crypto market is up today, with the cryptocurrency market capitalisation increasing by 1% to $3.24 trillion. Also, 87 of the top 100 coins have gone up over the past 24 hours. At the same time, the total crypto trading volume is at $101 billion.

Crypto Winners & Losers

At the time of writing on Monday 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 1.2% since this time yesterday, currently trading at $92,483.

Bitcoin (BTC)

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Ethereum (ETH) is up by 0.5%, now changing hands at $3,155.

The category’s highest increase is 2.9% by XRP, currently standing at $2.13.

It’s followed by Binance Coin (BNB)’s 1.6% to the price of $898.

At the same time, Tron (TRX) saw the lowest rise, with a change of 0.3%, now standing at $0.2949.

The only red coin is Dogecoin (DOGE), having decreased by 0.9% to $0.1502.

When it comes to the top 100 coins, 87 coins saw increases. Of these, one is double-digit.

Render (RENDER) appreciated 16% to $2.1. Bonk (BONK) is next with a 6.2% increase to $0.00001211.

On the other hand, Provenance Blockchain (HASH) fell the most: 10.2% to $0.02653.

Canton (CC) is next, having decreased by 6% to the price of $0.1462.

Meanwhile, the big four accounting firm PwC is pushing deeper into crypto after years of a cautious stance.

“The Genius Act and the regulatory rulemaking around stablecoin I expect will create more conviction around leaning into that product and that asset class,” Paul Griggs, PwC’s US senior partner, said. “The tokenization of things will certainly continue to evolve as well. PwC has to be in that ecosystem.”

Moreover, Vitalik Buterin said Ethereum solved blockchain’s trilemma via zero-knowledge EVMs and PeerDAS technology. This enables decentralization, consensus, and high bandwidth simultaneously, “shifting Ethereum into being a fundamentally new and more powerful kind of decentralized network,” Buterin wrote.

‘Investors Add Digital Gold to Their Portfolios’

Petr Kozyakov, Co-Founder and CEO at payment infrastructure platform Mercuryo, commented that crypto markets are “in the green as investors add digital gold to their portfolios amid positioning for the year ahead.”

Bitcoin has surpassed $92,000, leading the market higher with Ethereum and Solana also recording gains.

Per the CEO, “a shift in mood across the digital token space has been underlined by a resurgence in interest in the meme coin sector, with Shiba Inu and Pepe making a loud entry to 2026.”

“While the cryptocurrency space experienced a severe drop in sentiment in the final months of 2025, fundamentals in the sector remain strong as the underlying infrastructure evolves with assets such as stablecoins continuing to attract increasing levels of liquidity,” Kozyakov wrote.

Moreover, Derivatives Desk of Laser Digital noted that we’ll see “a flurry of jobs data out this week,” coming from the US. Most importantly, the non-farm payrolls (NFP) data is out on Friday, they added, and consensus is headline number +55,000 and Unemployment Rate (UER) 4.50%.

Given that January cuts are barely priced now, “a weak number would likely trigger market to price more cuts for January and push the yields lower.”

“Expect UER to matter more than headline number like last time. A higher UER could be negative for risk assets given most investors are expecting goldilocks scenario on US economy,” they said.

Moreover, “geopolitical tension has been rising as well. So far, the market reaction to the weekend events has been muted, but it could have some spillover effect on places that are already under tension.”

Levels & Events to Watch Next

At the time of writing on Monday morning, BTC stood at $92,483. For the majority of the past 24 hours, the coin traded sideways at the $91,000 level. It then jumped from $91,138 to the intraday high of $93,169.

Over the past seven days, BTC appreciated 2.9%, moving between $86,979 and $92,999. It’s also up by 3.1% in a month and down by 5.8% in a year and 26.6% from its all-time high.

If Bitcoin keeps the level above $90,000, it could run to and above $93,500 and $94,600. This would open doors towards the $98,000 zone in the coming weeks.

Ethereum is currently changing hands at $3,155. Much like BTC, ETH traded sideways at the $3,100 level for much of the past day. The price surged from the intraday low of $3,123 to the high of $3,209.

Looking at the past week, we find a 4.1% increase. The coin moved within the $2,916 – $3,198 range. It’s up just below 4% in a month and is down 13% in a year and 36.2% from its all-time high.

If ETH pushes above $3,430, it could see a further rise to $3,600 and $4,000 later in the year. Yet, a fall below $3,010 could see it pull back below $3,000. That said, Buterin unveiling the ZK-EVM and PeerDAS roadmap could strengthen the long-term outlook with strong fundamentals and tech innovation.

Ethereum (ETH)

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Moreover, as the new year began, the crypto market sentiment has seen a high enough increase to finally exit the fear territory.

The crypto fear and greed index stands at 42 today, compared to its lowest point over the past month of just 21. It is now back into the neutral zone, for the first time since October.

This isn’t to say that market participants aren’t still cautious. However, they seem to be more optimistic about the short- and mid-term outlooks.

ETFs Start 2026 With Inflows

The first trading day of the year, Friday, 2 January, saw the US BTC spot exchange-traded funds (ETFs) posting positive flows of $471.14 million. The total net inflow now stands at $57.08 billion.

Of the twelve BTC ETFs, nine saw inflows, and none recorded outflows. BlackRock posted the highest amount of $287.37 million.

It’s followed by Fidelity’s $88.08 million and Bitwise’s $41.49 million.

Moreover, the US ETH ETFs also posted positive flows, with $174.43 million on 2 January. The total net inflow hovers around $12.5 billion.

Five of the nine funds recorded inflows, and none posted outflows. Grayscale took in $103.72 million in total on this day.

Moreover, BlackRock recorded $47.16 million in inflows.

Meanwhile, according to on-chain data cited by CryptoOnchain, whales deposited some $2.4 billion to Binance, split nearly evenly between Bitcoin and Ether.

However, analysts noted that “crucially, this surge in risk-asset deposits was not accompanied by new buying power.”

Quick FAQ

1. Why did crypto move with stocks today?

The crypto market saw an increase over the past 24 hours, while the US stock market closed its previous trading session with a mixed picture. By the closing time on 2 January, the S&P 500 was up by 0.19%, the Nasdaq-100 decreased by 0.17%, and the Dow Jones Industrial Average rose by 0.66%. Investors are now watching developments after the United States’ attack on Venezuela.

1. Is this rally sustainable?

Insiders expect the market to see additional increases in the coming weeks. Pullbacks are expected and normal.