Bitcoin and Ethereum are on observe to put up their most important month-to-month features since February, fueled by market optimism following Donald Trump’s election win.
Knowledge from CoinGlass highlights November as considered one of Bitcoin’s strongest months this yr. The flagship crypto has surged over 38%, marking its second-best month-to-month efficiency in 2024 after February’s 44% rise. This rally has pushed Bitcoin close to the $100,000 landmark and cemented its standing within the broader monetary trade.
Ethereum has additionally mirrored Bitcoin’s upward momentum. The second-largest crypto has jumped by 42% this month, pushing its worth above $3,500.
In the meantime, Bitcoin and Ethereum might nonetheless exceed their February milestones as two days stay in November.
Market analysts have attributed these features to Trump’s election victory on Nov. 5. His pro-crypto insurance policies and appointments have bolstered investor confidence, driving expectations of continued progress for cryptocurrencies and associated markets within the US.
