Bitcoin Achieves Longest Weekly Winning Streak in Three Years
Bitcoin continues to lead the cryptocurrency market, marking its longest weekly winning streak in over three years,
amid growing optimism about the sector’s future.
The anticipated support from the incoming administration of President-elect Donald Trump is boosting investor appetite for digital currencies, putting Bitcoin on an unprecedented upward trajectory.

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Optimism in the Cryptocurrency Market with Trump Administration Support
Trump Administration and Regulatory Policies
New Investment Inflows

Optimism in the Cryptocurrency Market with Trump Administration Support

Bitcoin is on track to record gains for the seventh consecutive week, setting it up for the longest weekly winning streak in over three years. This positive momentum is fueled by growing expectations of support from the U.S. President-elect Donald Trump’s administration for the cryptocurrency market.

The last time Bitcoin experienced a similar streak was in September 2021, when it peaked at $69,000 before sharply declining due to crises and scandals that hit the industry. With a current surge of 50% since Trump’s victory in last month’s presidential election, the market seems to be responding positively to Trump’s regulatory promises.

Trump Administration and Regulatory Policies

Strahinja Savic, Head of Data and Analytics at FRNT Financial,
noted that Trump’s positive stance on cryptocurrencies has reduced concerns about the market’s regulatory environment.
Additionally, Trump’s nominations of cryptocurrency advocates,
such as appointing Paul Atkins to lead the U.S. Securities and Exchange Commission (SEC),
have boosted confidence and helped Bitcoin surpass the $100,000 mark for the first time,
reaching a record high of $103,800.

New Investment Inflows

Political support wasn’t the sole driver of this momentum.
Inflows into exchange-traded funds (ETFs) linked to Bitcoin have significantly contributed to the rising demand.
According to Peter Chung, Head of Research at Presto Research,
investors facing legal or social restrictions on direct Bitcoin holdings are finding alternatives through ETFs
and shares in companies like MicroStrategy and Coinbase.

With continued market optimism and increasing institutional involvement, hopes are growing for sustained stability
and growth in the cryptocurrency sector in the coming months.

Bitcoin Achieves Longest Weekly Winning Streak in Three Years

Bitcoin Achieves Longest Weekly Winning Streak in Three Years

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