analysts stated that on Sunday night, the price of Bitcoin broke above $93,000, with Ethereum and other major cryptocurrencies rising simultaneously, becoming part of a broader "comprehensive rally."
According to market data, as of 10:00 PM Eastern Time on Sunday, Bitcoin was priced at $93,113, up 2.1% in the past 24 hours. Ethereum rose 1.7% to $3,194; XRP increased by 5.5%; BNB rose 2.3%; Solana rose 2.3%.
Min Jung, research assistant at Presto Research, said this round of crypto market movement appears to be part of a "comprehensive rally," with Asian stock markets also strengthening in sync, as South Korea's KOSPI and Japan's Nikkei index both rose by more than 2%. As of Monday noon, KOSPI was up 2.83%, and the Nikkei index was up 2.82%. Jung stated: "The first week of the new year is often accompanied by investors' portfolio reallocations. At the current price level, Bitcoin may be seen as an attractive entry point. At the same time, traders are closely watching geopolitical developments, which remain an important source of potential volatility in global markets."
Nick Ruck, research director at LVRG Research, holds a similar view, saying Bitcoin's upward movement seems to be driven by renewed investor interest after the New Year resumption of work, while institutional accumulation in a consolidating market environment also provides support. Ruck said: "Traders are closely watching the key resistance level around $95,000 to determine whether a sustained breakout will occur, while also assessing the potential impact of macro environment changes in early 2026 and ETF fund flows."