Seven-week price rally: Bitcoin (BTC) is enjoying its longest rally since 2021, lasting seven weeks with prices surpassing 100,000 USD. This growth is bolstered by Trump’s pro-crypto policies and significant inflows of 12.2 billion USD into Bitcoin ETFs, reflecting strong investor confidence.
Impact of Trump’s policies: President-elect Donald Trump promises a friendlier regulatory environment for cryptocurrencies compared to the previous administration. His proposed national Bitcoin reserve may further enhance market stability, drawing more institutional and retail investors into the cryptocurrency space.