Cryptocurrency trading volume soared to $2.71 trillion in November 2024! 🚀 This is the highest figure since May this year and has increased drastically from $1.14 trillion in October. 📈 Binance remains the market king, processing $986 billion, accounting for 36% of the total trading volume. 👑
Bitcoin ETFs also saw a surge with inflows reaching $6.4 billion, pushing the market to new heights. 💰 Supported by political factors, including the re-election of Donald Trump, Bitcoin price hit a new record of $99,635! 🎉
In addition, the futures markets for Bitcoin and Ethereum also showed significant growth, reaching $2.59 trillion and $1.28 trillion, respectively. 📊 Experts attribute this increase to better market conditions and positive macroeconomic factors. 🌟
Optimism in the market has increased further following the resignation of SEC Chairman Gary Gensler, which is seen as an opportunity for better regulation. 🔄 Despite some ETFs seeing a decline in assets under management, overall fund flows remained positive as investors continued to buy Bitcoin. 💸
The Crypto Fear & Greed Index also showed optimism with a yearly high of 92. 📈 Analysts predict that new investments and strong fundamentals will continue to drive Bitcoin's price to the next key level! 🔥$BTC $ETH