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Bitcoin breaks $94,000 for the first time in a month: Why is crypto up today?

Institutional flows return after year-end drought as options traders pile into $100K calls, forcing $438 million in leveraged shorts to cover amid post-holiday thin liquidity.

Bitcoin (BTC) pierced $94,000 on Jan. 5, reaching its highest level since Dec. 10 and capping a rally that added nearly $100 billion to the total crypto market capitalization in 24 hours.
The move came as spot Bitcoin ETFs recorded their strongest in… [3440 chars]

Source: CryptoSlate | Published: 2026-01-06T09:29:05Z

Credit: CryptoSlate

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