Bitcoin Surges Above $93,000 as Global Markets React to Geopolitical Developments
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 05 2026- Market Rebound: Bitcoin surged over 2% to reach $93,204 on Monday morning, marking one of the year's first strong price movements, indicating renewed investor interest in risk assets, particularly with traditional markets closed.
- Other Cryptocurrencies Rise: Ethereum climbed to $3,194, while major cryptocurrencies like XRP, BNB, and Solana recorded increases between 2% and 5%, reflecting a generally positive market sentiment that is attracting more investors to reshape their portfolios.
- Macroeconomic Impact: Analysts note that geopolitical factors could increase volatility in global markets, with cryptocurrencies emerging as preferred tools for rapidly absorbing these fluctuations, especially during traditional market closures.
- Liquidation Wave: Approximately $141 million in short positions were liquidated within just four hours, demonstrating the market's rapid responsiveness, while investors closely monitor upcoming Fed meeting minutes and U.S. unemployment claims to assess price sustainability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
