bitcoin rose to its highest level since mid-November, gaining more than 3% to $94,400 during Monday’s trading session, the biggest percentage gain in more than a month.
However, the rally, which brought the asset closer to $95,000 (considered by some analysts as a key level to gain further momentum), was led by . After breaking key resistance overnight, XRP increased its move during the US trading day, rising 9% to just $2.32, also the strongest since mid-November.
Cryptocurrency-related stocks, many of which saw relentless selling in late 2025, rose sharply across the board.
Coinbase (COIN), which received an upgrade to buy from Goldman Sachs earlier in the day, was up nearly 9%, while Strategy (MSTR) and Robinhood (HOOD) were up 5% and 6%, respectively.
Among some smaller names, Bakkt (BKKT) rose 30%, while Figure (FIGR) added 20%. Bitcoin miner Hut 8 (HUT), whose pivot to AI infrastructure paved the way for a significant advance in 2025, rose 15% on Monday, nearly hitting $60 per share. Veteran investors could be eyeing the stock’s all-time high (split-adjusted) of $76 in 2021.
Bitcoin, which fell more than 6% in 2025, may be poised to rebound in 2026, according to Lukman Otunuga, senior market analyst at FXTM. After a challenging 2025, falling interest rates and a dwindling supply of actively traded BTC could create the conditions for a recovery, he said, pointing to long-term holders keeping coins off exchanges as a factor that can restrict supply and support prices.
Still, he warns of several headwinds. New tax reporting requirements in the US could curb retail participation, and regulatory decisions targeting crypto-heavy companies remain a risk. On the technical side, Otunuga says a sustained move above $100,000 could revive record ambitions, while a drop below that threshold could leave bitcoin vulnerable to deeper declines, with support levels near $77,500 and $54,000.
