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president-elect Donald Trump creating a federal bitcoin reserve, and crypto companies such as Riot Platforms and MicroStrategy purchasing billions worth of the asset in past weeks.Optimism in U.S.

policies are driving bitcoin ETFs inflows higher, contributing to increased prices, some point out.“TradFi inflows now dominate all sentiment and price action in BTC unlike any other prior crypto cycle before,” shared Augustine Fan, head of insights at SOFA, in a Telegram message to CoinDesk.

“This influence will only grow as more and more traditional firms finally need to have a digital asset policy given the immense revenue opportunities and sea-change in the political environment.”Recent price action has shown bitcoin forming higher lows, indicative of a sustained uptrend.

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