{"id":195897,"date":"2024-12-16T02:38:55","date_gmt":"2024-12-16T02:38:55","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/16\/bitcoin-rises-to-record-after-longest-weekly-winning-run-since-2021-times-of-india\/"},"modified":"2024-12-16T02:38:56","modified_gmt":"2024-12-16T02:38:56","slug":"bitcoin-rises-to-record-after-longest-weekly-winning-run-since-2021-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/16\/bitcoin-rises-to-record-after-longest-weekly-winning-run-since-2021-times-of-india\/","title":{"rendered":"Bitcoin rises to record after longest weekly winning run since 2021 &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-116350345,imgsize-107310,width-400,resizemode-4\/116350345.jpg?resize=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Bitcoin rises to record after longest weekly winning run since 2021 &#8211; Times of India\" title=\"Bitcoin rises to record after longest weekly winning run since 2021 &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>Bitcoin climbed to a record high, extending a rally sparked by President-elect Donald Trump\u2019s support for digital assets and his plan to turn the US into the dominant force in the sector.<br \/>The largest token rose more than 3 per cent at one point on Monday in Asia to an unprecedented $106,493, exceeding its previous peak from December 5. The advance helped to boost sentiment in the wider crypto market.<br \/>Trump is moving toward creating a friendly regulatory backdrop for digital assets, undoing a crackdown imposed by President Joe Biden\u2019s outgoing administration. The Republican has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the latter idea.<br \/>A lot of people are \u201cbasing their expectation on a much more favorable administration,\u201d Aya Kantorovich, co-founder of institutional crypto platform August, said on Bloomberg Television. The optimism is reflected in demand for exchange-traded funds investing in digital assets, she added.<br \/>On Friday, Nasdaq Global Indexes said Bitcoin accumulator MicroStrategy Inc. will join the Nasdaq 100 Index. The software maker\u2019s metamorphosis into a leveraged bet on Bitcoin has transfixed Wall Street. The company has been raising capital to plow billions of dollars into the digital asset.<br \/>Bitcoin through Sunday cemented a seven-week winning streak, the longest such run since 2021. But the pace of gains cooled more recently, which could be an indication that \u201ca pullback may be coming,\u201d IG Australia Pty Market Analyst Tony Sycamore wrote in a note.<br \/>The original cryptocurrency changed hands at $106,215 as of 8:39 a.m. on Monday in Singapore. Smaller tokens such as second-ranked Ether, XRP and meme-crowd favorite Dogecoin posted increases too.<br \/>US ETFs investing directly in Bitcoin have attracted $12.2 billion of net inflows since Trump\u2019s victory in the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/presidential-election\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">presidential election<\/a> on Nov. 5. Subscriptions for similar products for Ether have reached $2.8 billion over the same period.<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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