Bitcoin Surges Above $93K, Experts Predict Further Upside
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Price Breakthrough: Bitcoin (BTC) has seen a slight rise over the past 24 hours, trading at $93,293 with a weekly gain exceeding 6%, indicating strong market demand and investor confidence.
- Short Liquidations: The continued rise of Bitcoin led to over $186 million in short liquidations, while Ethereum (ETH) and XRP saw only $75 million and approximately $31 million liquidated, respectively, highlighting increasing bullish sentiment towards Bitcoin.
- Expert Predictions: Tom Lee, Chairman of BitMine Immersion Technologies, predicted on CNBC that Bitcoin could reach a new all-time high by 2026, acknowledging previous overly optimistic forecasts but maintaining a positive outlook for short-term gains.
- Precious Metals Impact: Bitcoin's rise coincides with strong performance in silver, which surged 4% in the past 24 hours and over 33% in the past month, reflecting the appeal of precious metals amid macroeconomic turbulence.
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.
