Bitcoin Breaks Records After Seven-Week Winning Streak – Is More to Come?

• Bitcoin Soars to New Highs Amid Trump’s Support for Digital Assets
• Bitcoin Breaks Records After Seven-Week Winning Streak – Is More to Come?
• Bitcoin Hits $106K as Trump Pushes for Pro-Crypto Regulations
• MicroStrategy’s Nasdaq 100 Entry Fuels Bitcoin’s Meteoric Rise to New Highs
• Trump’s Pro-Bitcoin Stance Drives Digital Asset Surge to Record Levels

Bitcoin Surges to New Highs Following Trump’s Support and MicroStrategy’s Nasdaq Inclusion

Bitcoin has reached a record high following President-elect Donald Trump’s favorable stance on digital assets and the imminent inclusion of MicroStrategy Inc., a major Bitcoin accumulator, into the Nasdaq 100 Index. On Monday, Bitcoin surged over 3% to an unprecedented $106,493 in Asian markets, surpassing its previous peak set in early December. This bullish movement lifted the broader cryptocurrency market, sending smaller tokens such as Ether and Dogecoin higher.

The optimism around Bitcoin is driven by Trump’s promise to create a crypto-friendly regulatory environment, rolling back the stricter policies implemented by outgoing President Joe Biden’s administration. Additionally, Trump’s endorsement of a strategic national Bitcoin reserve has sparked enthusiasm, though the practicality of such a proposal remains debated.

Aya Kantorovich, co-founder of August, an institutional crypto platform, mentioned on Bloomberg Television that many investors expect more favorable conditions under Trump’s leadership. This optimism is reflected in the growing demand for exchange-traded funds (ETFs) that invest in digital assets. Since Trump’s election win, U.S.-based Bitcoin ETFs have attracted $12.2 billion in net inflows, while similar products for Ether have seen $2.8 billion in new investments.

Adding to the excitement, Nasdaq Global Indexes recently announced that MicroStrategy would be joining the Nasdaq 100 Index, a major U.S. technology stock gauge. MicroStrategy, once a software company, has evolved into a leveraged Bitcoin investor, using billions of dollars to buy up Bitcoin. According to Sean McNulty, director of trading at Arbelos Markets, MicroStrategy’s inclusion in the Nasdaq 100 is expected to trigger additional demand from index funds, potentially allowing the company to raise more equity to buy even more Bitcoin.

As of early Monday morning in London, Bitcoin was trading around $104,616, having more than doubled in value this year. Smaller cryptocurrencies, such as Ether and Dogecoin, also posted gains, reflecting the broad bullish sentiment in the crypto market.

Bitcoin’s recent performance marks its longest winning streak since 2021, with seven consecutive weeks of gains. However, analysts are signaling caution. Tony Sycamore, a market analyst at IG Australia Pty, noted in a report that the pace of gains has slowed, hinting that a possible pullback could be on the horizon.

Despite these warnings, the cryptocurrency market continues to attract significant investor interest, with Bitcoin ETFs emerging as a popular vehicle for gaining exposure to digital assets. The prospect of a more favorable regulatory environment under Trump, combined with the increasing institutional adoption of Bitcoin, suggests that the digital asset may continue to reach new heights in the coming months.

For now, Bitcoin’s record-breaking rise serves as a testament to its growing influence, as it moves further into mainstream financial markets, fueled by institutional support and retail enthusiasm alike.