January 7, 2026
XRP's 9% surge leads crypto as bitcoin climbs to 6-week high near $95,000 thumbnail
Business

XRP’s 9% surge leads crypto as bitcoin climbs to 6-week high near $95,000

Bakkt, Figure and Hut 8 were among numerous crypto-related stocks posting double-digit percentage gains.”, — write: www.coindesk.com

XRP’s 9% surge leads crypto as bitcoin climbs to 6-week high near $95,000Bakkt, Figure and Hut 8 were among numerous crypto-related stocks posting double-digit percentage gains.Updated Jan 5, 2026, 8:32 pm Published Jan 5, 2026, 8:20 pm

Bitcoin BTC$94,305.61 rose to its highest level since mid-November, gaining more than 3% to $94,400 during Monday’s trading session, the largest percentage advance in more than a month.

The rally, which brought the asset closer to $95,000 — seen by some analysts as a key level to gain further momentum — was led, though, by XRP$2.3410. After breaking key resistance overnight, XRP added to its move during the US trading day, rising 9% to just shy of $2.32, also the strongest since mid-November.

Crypto-related stocks — many of which saw unrelenting selling late in 2025 — were sharply higher across the board.

Coinbase (COIN), which received an upgrade to buy from Goldman Sachs earlier in the day, was up nearly 9% while Strategy (MSTR) and Robinhood (HOOD) rose 5% and 6%, respectively.

Among some smaller names, Bakkt (BKKT) flew 30% higher, while Figure (FIGR) added 20%. Bitcoin miner Hut 8 (HUT), whose pivot to AI infrastructure paved the way for a significant advance in 2025, was up 15% on Monday, nearly reaching $60 per share. Long-time investors might have the stock’s (split-adjusted) 2021 record high of $76 in their sights.

US stocks are also higher on Monday, led by the Dow’s 1.4% advance. The Nasdaq and S&P 500 are up a more modest 0.7%. Precious metals remain volatile, with a noticeable upward trend. Silver is ahead 7% and gold 3%.

Not out of the woodsBitcoin, which fell more than 6% in 2025, may be poised for a comeback in 2026, according to Lukman Otunuga, senior market analyst at FXTM. After a challenging 2025, falling interest rates and a thinning supply of actively traded BTC could create conditions for a recovery, he said, pointing to long-term holders keeping coins off exchanges as a factor that may tighten supply and support prices.

Still, he warns of several headwinds. New tax reporting requirements in the US could dampen retail participation, and regulatory decisions targeting crypto-heavy firms remain a risk. On the technical side, Otunuga says a sustained move above $100,000 could revive record-high ambitions, while a drop below that threshold could leave bitcoin vulnerable to deeper declines, with support levels near $77,500 and $54,000.

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
  • This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.

View Full Report

More For You

Famed Coinbase backer Fred Wilson predicts 2026 UX pivot for crypto

(Noam Galai/Getty Images for TechCrunch)The VC mogul has previously said crypto apps must hide blockchain complexity or risk missing mass-market adoption.

What to know:

  • Fred Wilson predicts crypto will become more user-friendly in 2026.
  • Wilson, who was an early investor in Coinbase, wrote his first post about bitcoin in 2011, calling it an “interesting investment opportunity.”

Read full story

Related posts

Bitcoin and the Japanese yen are moving together like never before

unian ua

Zcash: The next crypto trend will be privacy protection, according to Arthur Hayes

unian ua

Ethereum, XRP, and Solana ETFs: Biggest Winners in 2025, Overtaking Bitcoin?

unian ua

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More