Bitcoin and Ethereum are expected to have their largest monthly gains since February due to increased market optimism following the election of Donald Trump. According to CoinGlass data, Bitcoin has increased by over 38% in November, making it the second-best monthly performance in 2024 after February.
This rise has brought Bitcoin close to the $100,000 mark and has strengthened its position in the financial industry. Ethereum has also experienced a 42% increase in the same period, with its price rising above $3,500. Traders believe that Bitcoin and Ethereum could surpass their February records, as there are still two days left in November.
Analysts attribute these gains to Trump’s pro-crypto policies and appointments, which have boosted investor confidence and expectations for the continued growth of cryptocurrencies and related markets in the US.
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<p>The post Bitcoin and Ethereum’s Surge: Trump’s Election Fuels Record Monthly Gains first appeared on CoinBuzzFeed.</p>
