Bitcoin eyes longest daily winning streak in 3 months
Bitcoin is poised for a five-day winning streak, its longest since October, following a 1% rise in Asian trading.Summary
Bitcoin climbed over 1% during Monday's Asian session, setting up a potential five-day winning streak, which would be the longest since early October. This rally saw BTC jump from around $91,480 to $92,500, with prices briefly exceeding $93,000, while major altcoins also saw gains of 0.7% to 1%.
Analysts suggest market sentiment is improving as Bitcoin and Ethereum enter bullish trends, partly due to the subsiding of late-December tax-loss selling pressure. Bitcoin underperformed other assets like Nasdaq and gold in 2025, ending the year with a 6% loss, particularly weak during late North American trading hours.
The recent uptick is also linked to renewed geopolitical stress following the U.S. capture of Venezuelan President Nicolás Maduro, leading some analysts to view cryptocurrencies as attracting safe-haven demand alongside gold and silver. The bullish outlook is maintained as long as BTC holds above its 21-day exponential moving average, supported by encouraging early inflows into spot Bitcoin ETFs, which saw their largest single-day tally since November 11 on Friday.
(Source：CoinDesk)