PANews reported on December 16 that according to Bloomberg, the price of Bitcoin hit a record high on Monday, breaking through $106,000, thanks to President-elect Trump's support for digital assets and his friendly regulatory plan. Since Trump's victory in November, Bitcoin ETFs have attracted $12.2 billion in inflows. At the same time, MicroStrategy will join the Nasdaq 100 Index, which also boosted market sentiment.
Bitcoin had achieved seven consecutive weeks of gains as of Sunday, the longest streak since 2021. However, the gains have slowed recently, which IG Australia analyst Tony Sycamore said could indicate the risk of a market correction.
