Bitcoin briefly reached $93,000 on January 5, 2026 as the cryptocurrency market extended its new year rally, with over US$260 million in liquidations recorded within 24 hours.

The surge followed the US ousting of Venezuela’s president, which spurred risk-taking across global markets.

Major cryptocurrencies traded higher, with XRP up 3% to above US$2.10, Solana near US$136, and Dogecoin leading weekly gains among top tokens at 17%.

Bitcoin rose about 1% in the past day and 3% over the past week, while ether traded near US$3,160.

Most liquidations involved short positions, with roughly US$200 million in shorts closed as prices climbed.

🔗 Source: CoinDesk