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Bitcoin on longest winning run since 2019 after record

This photograph taken on Dec 17, 2020 shows a man holding a physical imitation of a Bitcoin at a crypto currency “Bitcoin Change” shop, near the Grand Bazaar, in Istanbul. (AFP file photo)

Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.

The largest cryptocurrency reached an all-time high of $28,365 on Sunday before paring some of the advance, according to a composite of prices compiled by Bloomberg. The run of outsized returns over October, November and December so far is the longest such stretch since mid-2019.

“My sense is we’re very close to a top — we could hit $30,000 though,” said Vijay Ayyar, head of business development with crypto exchange Luno in Singapore. “We should definitely see a pullback, but…

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