Summary of this article
Bitcoin rebounds above $92,000, Ethereum surpasses $3,000 level.
Altcoins gain; market cap rises to $3.14 trillion.
Institutional interest, improved sentiment drive potential further crypto gains.
The cryptocurrency market experienced a notable rebound on January 5, 2026 with Bitcoin climbing past the $92,000 mark and Ethereum surpassing the $3,000 level.
Cryptocurrency Market Sees Renewed Gains
At the time of writing, Bitcoin (BTC) was trading at $92,480.97, up 1.23 per cent in the last 24 hours and 3.46 per cent over the past week. Ethereum (ETH) climbed to $3,157.67, gaining 0.56 per cent in a day and 3.44 per cent over the week.
Altcoins also showed upward momentum. XRP traded at $2.13, up 3.00 per cent in 24 hours and 12.66 per cent weekly, while Solana (SOL) reached $135.01, up 0.68 per cent in a day and 5.75 per cent over the week. Binance Coin (BNB) was at $896.66, up 1.29 per cent in 24 hours and 4.64 per cent weekly.
The total crypto market capitalisation has reached $3.14 trillion, up by 1 per cent in the last 24 hours.
Key Factors Behind the Crypto Surge
Several reasons have led to the recent surge in the crypto market. Experts point to shifts in investor sentiment, revived institutional interest, and improved liquidity circumstances.
Akshat Siddhant, lead quant analyst at Mudrex said,“Bitcoin’s rise above $90,000 comes as market sentiment improves, which indicates renewed confidence among investors. The Crypto Fear and Greed Index turning neutral reflects growing optimism in the market.”
He added that institutional interest has returned strongly, with crypto exchange-traded funds (ETFs) seeing significant inflows, while easing fears of another shutdown have further supported the upward momentum.
Sumit Gupta, CEO, CoinDCX said: “After sharp corrections, prices have stabilised, setting the stage for a healthier rebound. Optimism in AI and tech, along with renewed buying from traders and long-term investors reflect growing confidence in the asset class. Bitcoin and Ethereum are increasingly seen as maturing assets within diversified portfolios.”
What Lies Ahead for Bitcoin and Ethereum
After stabilising from recent corrections, the crypto market is showing renewed momentum. Siddhant believes Bitcoin could test the $100,000 mark.
He said: “The near-term outlook for the crypto market remains positive. Strong ETF inflows and improving broader market sentiment are supporting a recovery rally. Bitcoin could target the $100,000 mark by month-end, while altcoins such as Ethereum, XRP, and Solana are also likely to benefit, potentially recovering a large part of the losses seen in recent weeks as momentum builds.”
Riya Sehgal, research analyst at Delta Exchange, said: “On the technical front, BTC broke out of a symmetrical triangle on the 2-hour chart, testing resistance at $93,000–94,000. Ethereum remains bullish, facing resistance at $3,200–3,250, with support at $3,050–3,000.”
