Bitcoin Poised for Strongest Weekly Gain Since Trump Win as ETFs Gobble $2.7B Inflows
Bitcoin (BTC) is experiencing a strong rally, currently priced around $95,000, and is set for its largest weekly gain since November 2024, following former President Trump's election win. BTC has registered an increase of over 11% since the beginning of the week, buoyed by significant inflows into U.S.-listed spot bitcoin ETFs, which have seen $2.68 billion this week. Analysts highlight a decoupling of bitcoin from traditional assets such as stocks and gold, suggesting that BTC is being viewed increasingly as a store-of-value by both institutional and retail investors. Market liquidity has been notably impacted due to recent accumulation, making the market susceptible to price swings. Looking ahead, analysts speculate a forthcoming rally that could see BTC reach cycle highs of $133,000 to $136,000 by late 2025 or early 2026, while acknowledging the potential for volatility. Overall, this week's gains mark a significant uptick in investor sentiment and confidence in bitcoin's long-term trajectory.
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