Bitcoin Price Jumps 8% Into New Year as Bullish Momentum Builds
Bitcoin surged approximately 8% at the start of 2026, driven by institutional inflows and geopolitical events.Summary
Bitcoin began 2026 strongly, climbing about 8% to trade near $94,100, recovering from late December's sideways trading. This rally is attributed to a confluence of factors, including renewed institutional inflows into spot ETFs, bullish positioning in derivatives markets, and geopolitical developments, such as reports of the U.S. capturing Venezuelan President Nicolás Maduro, which reinforced Bitcoin's narrative as a hedge against sanctions risk.
Derivatives markets show traders are betting on further upside, with open interest surging in $100,000 January call options. Furthermore, U.S.-listed Bitcoin ETFs saw nearly $700 million in net inflows on Monday, exceeding daily miner issuance and tightening available supply, especially as on-chain data indicates investors are withdrawing coins into self-custody.
Technically, the price has broken consolidation, targeting resistance near $98,000, with a move above that potentially bringing the $100,000 mark back into play. The sustained breakout will depend on continued ETF demand, options market dynamics, and macro risk evolution.
(Source：Bitcoin Magazine)