Bitcoin records longest seven-week winning streak since 2021

According to Bloomberg, since Donald Trump's victory in the US presidential election on November 5, the price of Bitcoin has continued to rise, setting the longest seven-week consecutive gain record since 2021. Aya Kantorovich, co-founder of August, analyzed that market participants are full of expectations for Trump's support for digital assets and his commitment to making the US the leading force in the global cryptocurrency industry, and this optimistic sentiment is directly reflected in the strong demand from institutional investors for cryptocurrency ETF products. In the latest research report, IG Australia market analyst Tony Sycamore reminded investors that the recent rise in Bitcoin has slowed down, which may indicate an increased risk of a short-term correction.