Crypto market bounces as bitcoin trades above $94,000

Watch on YouTube ↗  |  January 05, 2026 at 21:03  |  1:12  |  CNBC
Speakers
Mackenzie Sigalos — Crypto Reporter/Analyst, CNBC

Summary

CNBC's MacKenzie Sigalos reported on a broad crypto market bounce, with bitcoin pushing toward $95,000 and reclaiming its 50-day moving average. XRP was the standout, surging more than 26% over the past week and becoming the third-largest token by market cap. Crypto-linked equities also rebounded, and Coinbase rallied after a Goldman Sachs upgrade to Buy with a $303 price target. Analysts partly attributed the runup to Venezuela headlines seen as potentially disinflationary and positive for risk assets.

  • Crypto and risk assets bounced, with bitcoin near $95,000.
  • XRP outperformed, up over 26% in a week and third-largest token.
  • Bitcoin reclaimed its 50-day moving average for the first time since October's washout.
  • Coinbase rallied after Goldman Sachs upgraded it to Buy with a $303 target.
  • Crypto-linked equities and digital asset treasury names traded higher.
  • Venezuela headlines were cited as potentially disinflationary for risk assets.
Ideas
Mackenzie Sigalos Crypto Reporter/Analyst, CNBC 0:17
Bitcoin reclaims 50-day average, shorts clear
Bitcoin is pushing toward $95,000 and has reclaimed its 50-day moving average for the first time since October's washout, clearing short positions and reinforcing the move higher.
BTC HIGH
Mackenzie Sigalos Crypto Reporter/Analyst, CNBC 0:20
XRP standout on 26% weekly surge
XRP is the standout in the crypto bounce, surging more than 26% over the past week and becoming the third-biggest token by market cap.
XRP MED
Mackenzie Sigalos Crypto Reporter/Analyst, CNBC 0:39
Coinbase upgraded, new products drive rally
Coinbase is rallying after Goldman Sachs upgraded the stock from Neutral to Buy and lifted its price target to $303, about 20% above current levels, following the exchange's launches of prediction markets and equities trading.
COIN HIGH
Mackenzie Sigalos Crypto Reporter/Analyst, CNBC 0:52
Crypto market bounces on risk-on setup
The overall crypto market is bouncing along with risk assets, as analysts attribute the runup at least partly to Venezuela headlines they call a potentially disinflationary event positive for risk assets, and technicals reinforce the move higher.
Crypto Market MED
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This CNBC video, published January 05, 2026, features Mackenzie Sigalos discussing BTC, XRP, COIN, Crypto Market. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mackenzie Sigalos  · Tickers: BTC, XRP, COIN, Crypto Market