Bitcoin is showing renewed strength as it moves toward its longest daily winning streak in the past three months, supported by steady institutional demand and improving market sentiment.

The world’s largest cryptocurrency has now recorded four consecutive days of gains and is on track for a fifth. Prices have climbed from around $91,480 to above $92,500, briefly crossing the $93,000 mark during intraday trading. This consistent upward movement signals a shift in short-term momentum after a relatively slow December.

A key factor behind this rally is the fading of year-end tax-related selling pressure. Toward the end of the previous year, many investors-particularly in the United States-sold assets to offset gains and manage tax liabilities. This seasonal trend often drags prices lower. Now that the calendar has reset, traders are returning to the market and rebuilding positions, providing fresh buying support.

Institutional activity is also playing a major role. Spot Bitcoin ETFs have seen strong inflows, with more than $471 million entering these funds in a single day late last week-the highest level since mid-November. These inflows reflect growing confidence among institutional investors and add a steady layer of demand that helps stabilize and push prices higher.

At the same time, global uncertainty is contributing to Bitcoin’s appeal. Geopolitical tensions and mixed signals across traditional financial markets are driving some investors toward alternative assets. Bitcoin is increasingly being viewed as a hedge in uncertain conditions, similar to how gold has historically been used.

The broader crypto market is also benefiting from this momentum. Major assets like Ethereum, XRP, and Solana have posted moderate gains, indicating a wider recovery rather than an isolated move.

While the current trend is positive, markets remain sensitive to macroeconomic shifts and investor sentiment. Sustaining this streak will depend on continued inflows, stable global conditions, and whether Bitcoin can maintain support above key psychological levels.