Bitcoin increased to its highest mark since mid-November, surging over 3% to $94,400 during Monday’s trading session, marking its largest percentage gain in over a month.
The surge, which moved the asset closer to the $95,000 mark—considered by some analysts as a crucial threshold for gaining further momentum—was primarily driven by . After surpassing significant resistance overnight, XRP continued its upward momentum during the U.S. trading hours, climbing 9% to just under $2.32, also posting its best performance since mid-November.
Stocks tied to cryptocurrency—including many that faced relentless selling in late 2025—were notably higher across the board.
Coinbase (COIN), which received a buy upgrade from Goldman Sachs earlier in the day, surged nearly 9%, while MicroStrategy (MSTR) and Robinhood (HOOD) rose by 5% and 6%, respectively.
Among smaller stocks, Bakkt (BKKT) jumped 30%, while Figure (FIGR) gained 20%. Bitcoin miner Hut 8 (HUT), which shifted towards AI infrastructure, saw a 15% increase on Monday, nearly reaching $60 per share. Longtime investors might be eyeing the stock’s 2021 record high of $76 (split-adjusted).
U.S. stocks also rose on Monday, led by a 1.4% jump in the Dow. The Nasdaq and S&P 500 saw more modest increases of 0.7%. Precious metals remained volatile, showing a notable upward trend, with silver rising 7% and gold 3%.
Not out of the woods
Bitcoin, which dropped over 6% in 2025, may be set for a rebound in 2026, according to Lukman Otunuga, senior market analyst at FXTM. Following a tough 2025, decreasing interest rates and a shrinking supply of actively traded BTC could pave the way for a recovery, with long-term holders keeping coins off exchanges potentially tightening supply and supporting prices.
However, he cautions about various challenges ahead. New tax reporting requirements in the U.S. might hinder retail participation, and regulatory decisions affecting crypto-oriented firms looms as a risk. On the technical side, Otunuga notes that a sustained move above $100,000 could reignite ambitions for record highs, while a slip below that level could expose Bitcoin to deeper declines, with support levels at approximately $77,500 and $54,000.
