Bitcoin hit 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.
The rally, which brought the asset closer to $95,000 – seen by some analysts as a key level to gain momentum – was, however, led by . After breaking key resistance overnight, XRP sharpened its move during the US trading day, rising 9% to just under $2.32, also the strongest since mid-November.
Crypto-related stocks – many of which saw relentless selling in late 2025 – were significantly higher across the board.
Coinbase (COIN), which received an upgrade to buy from Goldman Sachs earlier today, rose nearly 9%, while Strategy (MSTR) and Robinhood (HOOD) rose 5% and 6%, respectively.
Among some smaller names, Bakkt (BKKT) soared 30%, while Figure (FIGR) added 20%. Bitcoin miner Hut 8 (HUT), whose pivot to AI infrastructure has paved the way for a significant advance in 2025, rose 15% on Monday, reaching almost $60 per share. Long-time investors may have their sights set on the stock’s 2021 high of $76 (split-adjusted).
Bitcoin, which fell more than 6% in 2025, could be poised to make a comeback in 2026, according to Lukman Otunuga, senior market analyst at FXTM. After a tough 2025, falling interest rates and dwindling supply of actively traded BTC could create conditions for a recovery, he said, noting that long-term holders keeping coins off exchanges is a factor likely to tighten supply and support prices.
He nevertheless warns of several headwinds. New tax reporting requirements in the United States could dampen retail participation, and regulatory decisions targeting crypto-intensive businesses remain a risk. On the technical side, Otunuga says a sustained move above $100,000 could reignite record ambitions, while a drop below that threshold could leave bitcoin vulnerable to deeper declines, with support levels near $77,500 and $54,000.
