Bitcoin on Track for Longest Weekly Winning Streak In Over Three Years
- Cryptocurrency is poised for seventh straight weekly increase
- Crypto-friendly Trump administration optimism fuels rally
The last time Bitcoin had a weekly streak this long was in September 2021.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Bitcoin is on track for a seventh consecutive weekly gain, as growing optimism for a crypto-friendly Trump administration fuels what what would be the longest winning streak in over three years.
The last time Bitcoin had a weekly streak this long was in September 2021, during what later turned out to be bubble that burst in the next year. The largest cryptocurrency peaked at about $69,000 in November 2021 before tumbling to just over $15,000 a year later amid a series of industry scandals and bankruptcies. Bitcoin is up around 50% since Trump won the presidential vote in November.