Bitcoin Breaks Above $94,000 As ETFs See Over $240 Million In Early 2026 Inflows

In early January 2026, Bitcoin climbed back through the $94,000 mark after weeks below that level, with price hovering near $92,780 after touching an intraday high of $94,343. The move was driven by stronger risk appetite linked to political developments in Venezuela, renewed institutional demand via US spot Bitcoin ETFs, and on-chain indicators showing fading sell pressure between $80,000 and $95,000. Glassnode's data suggests momentum is improving but structural demand remains muted, leaving the recovery above $90,000 on uncertain footing.