PANews reported on December 16 that Bitcoin's price reached an all-time high on Monday, surpassing $106,000, thanks to President-elect Trump's support for digital assets and his friendly regulatory plans. Since Trump's victory in November, Bitcoin ETFs have attracted $12.2 billion in inflows. Meanwhile, MicroStrategy's inclusion in the Nasdaq 100 index has also boosted market sentiment.
Bitcoin has achieved a seven-week consecutive rise as of Sunday, marking the longest record since 2021. However, the recent momentum has slowed, and IG Australia analyst Tony Sycamore indicates that this may signal a risk of market correction.
