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Bitcoin Flirts With Longest Winning Streak in Nearly a Decade

  • The coin is above its 50-DMA and is in overbought territory
  • Volume has remained muted though has risen from prior weeks
Bloomberg business news
Bitcoin Sees Best Week Since 2021
Updated on

Bitcoin is starting the year on a strong note, seemingly shaking off any negative sentiment it was mired in last year and on the verge of its longest winning streak in nearly a decade. 

The largest digital asset was little changed on Tuesday after rising for 13 straight days — during which it’s added more than 25% to trade above $21,000 — approaching its longest span of gains since November 2013, according to data compiled by Bloomberg. The surge has helped lift the overall value of digital assets to almost $1 trillion, data from CoinMarketCap show, a level it fell below in November following the crisis surrounding the FTX exchange.