Bitcoin reached a peak of 98,976 USD, the highest level since December last year. Despite the surge, analysts suggest caution due to low trading volumes, which might affect future growth potential. Increased volume will be essential for sustaining upward momentum.

On January 3, US tech stocks saw substantial gains, leading to an overall market recovery. Noteworthy was Nvidia’s 4.7% rise and SUPER Micro Computer’s 10.9% increase. These gains were attributed to ongoing investments in AI developments, including Microsoft’s announcement of an 80 billion USD AI project.

The altcoin market showed impressive recovery, with projects like Internet Computer and The Sandbox experiencing notable growth. This general uplift in altcoin performance helped improve market sentiment, supporting a double-digit increase across several tokens, including ETH, DOGE, SAND, and others.