Why Is Crypto Up Today? – January 6, 2026
- The crypto market is up today, with the cryptocurrency market capitalisation increasing by 1.2% and rising slightly to $3.29 trillion.
- Notably, 97 of the top 100 coins have appreciated over the past 24 hours.
- At the same time, the total crypto trading volume is at $139 billion, climbing over the past couple of days.
- At the time of writing on Tuesday morning, 9 of the top 10 coins per market capitalisation have seen their prices increase over the past 24 hours.
What Happened
Meanwhile, Bill Miller IV, chief investment officer at Miller Value Partners, said that BTC was down 6% in 2025. “For an asset with that level of volatility over the long run, that’s not a big deal,” he said. “
Nic Puckrin, investment analyst and co-founder of the Coin Bureau, commented that the first Monday of 2026 saw gold, silver, and BTC moving in the same direction.
Gold and silver are extending last year’s momentum. It stalled somewhat at the end of the year, the co-founder explains, providing investors on the sidelines with an entry point.
Moreover, Friday, which was the first full ETF trading day of 2026, saw $471.3 million of inflows into Bitcoin ETFs, suggesting institutions are piling back in. “We’re seeing more of the same today as investors come back to their desks after the festive season,” he says.
Market Context
The crypto market is up today, with the cryptocurrency market capitalisation increasing by 1.2% and rising slightly to $3.29 trillion. Notably, 97 of the top 100 coins have appreciated over the past 24 hours. At the same time, the total crypto trading volume is at $139 billion, climbing over the past couple of days.
At the time of writing on Tuesday morning, 9 of the top 10 coins per market capitalisation have seen their prices increase over the past 24 hours.
Bitcoin (BTC) is up by 0.8% since this time yesterday, currently trading at $93,583. This is the smallest increase in the category today.
At the time of writing on Tuesday morning, BTC stood at $93,583. The price jumped from the intraday low of $92,474 to the high of $94,634 and has been trading relatively sideways since.
Also, it’s up 6.6% in a week, trading within a notably wider range of $87,409–$94,420.
Why It Matters
“It looks like it’s ready to go again,” Miller said. “I personally expect it to break out to a higher high than its all-time high from the fall.”
“It would be tempting to label this a ‘risk-off’ or dollar debasement trade and predict that Bitcoin and gold are converging – but this isn’t what’s happening here,” Puckrin says. “In fact, Bitcoin and precious metals are being driven by very different forces.”
Details
Crypto Winners & Losers
Ethereum (ETH) is up by 1.8%, now changing hands at $3,228.
The category’s highest increase is 9.6% by XRP, currently standing at $2.35. It’s followed by ETH.
At the same time, Tron (TRX) is the only red coin, with a change of 0.1%, now standing at $0.2915.
Looking at the top 100 coins, 97 coins saw increases. Of these, three are double-digit.
Render (RENDER) appreciated by just below 20% to $2.48.
Provenance Blockchain (HASH) and Sui (SUI) follow with increases of 16.9% and 16.1% to $0.02996 and $1.96, respectively.
On the other hand, of the three red coins, Midnight (MIDNIGHT) fell the most: 7.8% to $0.07978.
‘Reflective Bounce’
However, BTC “was so oversold at the end of last year that we’re now seeing a reflexive bounce.”
“But this doesn’t mean that Bitcoin and gold are converging, or that Bitcoin will now rally every time geopolitical tensions escalate. For now, it’s a simple coincidence,” Puckrin concludes.
According to Glassnode, BTC is stabilising within the $80,000–$95,000 range as momentum recovers and sell pressure eases.
Levels & Events to Watch Next