The cryptocurrency market experienced a comprehensive rally on Sunday evening, with Bitcoin breaking through the $93,000 mark. As of 10:00 PM Eastern Time, BTC was quoted at $93,113, up 2.1% over the past 24 hours. Ethereum followed closely, rising 1.7% to $3,194, while XRP surged by 5.5%. BNB and Solana also increased by 2.3% each.

This wave of market activity is far from being limited to the crypto space. Asian stock markets also moved higher in sync, with South Korea's KOSPI and Japan's Nikkei Index rising by 2.83% and 2.82%, respectively. It appears to be a cross-market coordinated rally.

Why is the first week of the new year so hot? Min Jung, an analyst at Presto Research, pointed out that this is a typical sign of investors reallocating assets. At current price levels, Bitcoin indeed has appeal for many. However, everyone is also keeping an eye on geopolitical developments—these remain key variables influencing global market volatility.

Nick Ruck, Research Director at LVRG Research, shares a similar view, believing that Bitcoin's recent surge is mainly driven by renewed investment enthusiasm after the New Year’s return to work. More importantly, the continued accumulation by institutional investors has served as a stabilizing factor during this volatile consolidation phase.

But the real question is—can it continue to rise? Ruck stated that the $95,000 level has now become a focal point. Breaking through this resistance could signal stronger buying momentum. Meanwhile, traders are also closely monitoring macroeconomic changes expected in early 2026 and the flow of ETF funds. These factors could all influence the future direction.