TechFlow news, November 26 — According to Bloomberg, Bitcoin has posted its longest losing streak since Donald Trump won the U.S. presidential election. As of Monday, Bitcoin has declined approximately 6% over three consecutive days. Since Election Day on November 5, the total market capitalization of the cryptocurrency market has grown by $1 trillion, though the upward momentum has now stalled. Tony Sycamore, analyst at IG Australia, said this pullback is mainly to correct oversold conditions rather than signal a trend reversal.
Adrian Przelozny, CEO of Independent Reserve, said the current bull market sentiment is expected to last through 2025. Jaret Seiberg, analyst at TD Cowen, noted that once Trump takes office, he will gain control over the U.S. SEC, which could lead to a relaxation of cryptocurrency regulations.
