Bitcoin has been on a tear lately, climbing for seven consecutive weeks—its longest winning streak since 2021. The recent rally has been attributed to several factors, including the election of pro-crypto Donald Trump as U.S. President. The Trump administration is seen as moving away from the more regulatory and enforcement-focused policies of the Biden administration and toward more friendly territory. The GOP has even floated the idea of purchasing BTC as a national strategic reserve asset, though the feasibility of this idea has been questioned by market participants. Institutional investment and the flow of funds into crypto-related products have also continued to contribute to the rally.

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