Bitcoin and Ethereum are experiencing significant gains this month due to positive market sentiment following Donald Trump’s election win. According to data from CoinGlass, November is one of Bitcoin’s strongest months in 2024, with a 38% increase in value, making it the second-best monthly performance after February’s 44% rise.
This surge has pushed Bitcoin close to the $100,000 mark and solidified its position within the broader financial industry. Ethereum, the second-largest cryptocurrency, has also experienced a 42% increase in value this month, moving its price above $3,500. Both cryptocurrencies could potentially surpass their February milestones, as there are still two days left in November.
Market analysts attribute these gains to Trump’s pro-crypto policies and appointments, which have boosted investor confidence and expectations for continued growth of cryptocurrencies and related markets in the United States.
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<p>The post Crypto Wins: Bitcoin & Ethereum Surge in November Post Trump’s Election first appeared on CoinBuzzFeed.</p>