Bitcoin Seeks the Longest Daily Winning Streak in Three Months as Asian Session Gains Extend the Rally

Bitcoin (BTC) rose more than 1% during Monday's Asian trading session, positioning itself for a five-day winning streak — its longest consecutive gain since early October — as sentiment strengthened in risk assets and renewed institutional interest supported the markets.

The leading cryptocurrency rose from around $92,500 to $93,600, briefly surpassing $94,000 intraday. The overall cryptocurrency market also registered widespread gains, with major altcoins advancing alongside Bitcoin.

The Broader Market Strength Elevates Risk Assets

Large-cap cryptocurrencies, including XRP, Solana (SOL), and Ether (ETH), recorded moderate gains, generally in the range of 0.7%–1%. Composite market indicators also moved upward, signaling broad participation in the rally.

"Market sentiment is improving, with Bitcoin and Ethereum transitioning into bullish trend regimes," said Markus Thielen, founder of 10x Research, in a market note. "We turned constructive after the options expiration at the end of December, anticipating that tax-loss selling would diminish and trading desks would regain flexibility to take on risk in the new year."

Tax-loss selling diminishes, risk appetite returns

Bitcoin and many major altcoins remained under significant pressure during December, as U.S. holders realized losses to offset capital gains, a common year-end strategy that typically depresses prices. With that dynamic fading, trading desks are actively redeploying capital in early 2026.

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