Bitcoin briefly hits $93,000 as crypto market extends new year rally with $260 million in liquidations

Bitcoin experienced a remarkable surge, briefly reaching an impressive value of $93,000. This significant increase occurred as the broader cryptocurrency market continued to extend its rally into the new year, demonstrating a strong upward momentum. The market activity was further highlighted by substantial liquidations amounting to $260 million, indicative of the heightened trading dynamics and volatility in the crypto space. source: https://www.coindesk.com/markets/2026/01/05/crypto-markets-continue-new-year-run-as-bitcoin-briefly-hits-usd93k-ether-rallies