Bitcoin posts longest seven-week winning streak since 2021
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2024-12-16 09:03 9,804
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Golden Finance reported that since Trump won the U.S. presidential election on November 5, the price of Bitcoin has continued to rise, setting a record for the longest seven-week winning streak since 2021. Data shows that U.S. spot Bitcoin ETF products attracted a net inflow of US$12.2 billion during this period, and Ethereum ETF products also received a net inflow of US$2.8 billion.
Aya Kantorovich, co-founder of the institutional encryption platform August, analyzed that market participants are full of expectations for Trump’s stance in support of digital assets and his plan to make the United States a dominant force in the global encryption industry. This optimism is directly reflected in institutional investment. investors’ strong demand for crypto ETF products.