Notification: Get Real-Time News Alerts For Your Portfolio Today
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Trading Articles
Search for the latest articles on trading

Bitcoin rises to record after longest weekly winning run since 2021

admin
admin

admin

Full Bio

admin

Share

Bitcoin surged to a new all-time high on Monday, marking the culmination of its longest weekly winning streak since 2021. The cryptocurrency reached a peak of $69,000, driven by a combination of strong market sentiment and growing investor confidence in digital assets. This milestone caps a seven-week period of uninterrupted gains, the longest such run since its record-breaking rally three years ago. The rise comes as broader financial markets have shown signs of stability, with Bitcoin increasingly seen as a safe haven amid global economic uncertainties.

The surge reflects renewed interest in Bitcoin, fueled by improved market conditions and an influx of institutional involvement. Major financial players, including hedge funds and large-scale investors, have resumed betting on Bitcoin as a key asset class. The cryptocurrency’s ascent has also been aided by favorable macroeconomic trends, including rising inflation and the persistent uncertainty in traditional markets. These factors have heightened demand for Bitcoin as an alternative investment, with more investors turning to digital assets as a hedge against inflation and market volatility.

Market observers highlight a shift in how investors perceive Bitcoin, with a growing view of the digital asset as a store of value rather than merely a speculative investment. The increasing adoption of Bitcoin by large corporations and financial institutions has further solidified its reputation. The use of blockchain technology in various sectors, from finance to supply chain management, has provided a solid foundation for Bitcoin’s future growth. As a result, Bitcoin’s bullish momentum has raised expectations among traders and analysts, with many predicting that the cryptocurrency could break through previous record levels if the current trends continue.

Despite its record-breaking rise, concerns persist about the inherent volatility that accompanies Bitcoin’s price movements. While its recent performance is impressive, the digital currency’s history is marked by sharp fluctuations that make some investors wary. Nonetheless, the increasing institutional support and broader market adoption have helped to stabilize its value. As Bitcoin continues to gain mainstream acceptance, its future trajectory remains uncertain, but analysts are divided on whether it can maintain its bullish streak or if a correction is imminent.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

Read More
Read More
Read More
Read More
Read More
Read More

Brokers Review

No reviews found in this category.

Top Stories
GBPUSD (1)
GBP/USD trades with negative bias around 1.2425 area, US NFP report awaited
EURUSD (1)
EUR/USD weakens below 1.0400 as traders await US NFP release
NZDUSD
NZD/USD gains traction above 0.5650 ahead of US NFP release
USDINR (2)
USD/INR holds steady as traders brace for RBI rate decision
USDJPY (1)
Japanese Yen retreats against USD amid some repositioning ahead of US NFP
Stocks fluctuate as bond rally pauses ahead of volatile U.S
Stocks fluctuate as bond rally pauses ahead of volatile U.S. jobs report
Japanese household spending surges to highest level since 2022 amid wage growth
Japanese household spending surges to highest level since 2022 amid wage growth
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Crude oil declines for the week as trade tariffs outweigh Iran supply risks
Japanese yen climbs amid rate hike speculation as U.S
Japanese yen climbs amid rate hike speculation as U.S. jobs report approaches
Ethereum faces resistance near $2,817 as Pectra testnet launch nears
Ethereum faces resistance near $2,817 as Pectra testnet launch nears