Bitcoin rises over 1% in Asian trading, extending a five-day winning streak, the longest since early October, with prices briefly surpassing $93,000. Analysts attribute the broader market rally to improved tax-loss selling sentiment after December and the resurgence of safe-haven demand amid geopolitical tensions following US actions in Venezuela. Markus Thielen of 10x Research pointed out a constructive outlook, citing encouraging ETF fund inflows and Bitcoin's position above the 21-day moving average.
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Bitcoin rises over 1% in Asian trading, extending a five-day winning streak, the longest since early October, with prices briefly surpassing $93,000. Analysts attribute the broader market rally to improved tax-loss selling sentiment after December and the resurgence of safe-haven demand amid geopolitical tensions following US actions in Venezuela. Markus Thielen of 10x Research pointed out a constructive outlook, citing encouraging ETF fund inflows and Bitcoin's position above the 21-day moving average.