November was a standout month for the cryptocurrency market. According to a Bloomberg report, cryptocurrency trading volumes soared to an all-time high of over $10 trillion in transactions.

This surge in activity was driven by optimism surrounding the newly elected Trump administration, which was seen as helping to create a friendlier regulatory environment. Additionally, the price of Bitcoin rose 38% to reach $100,000, contributing to the overall surge in trading activity.

Moreover, spot trading volume on centralized exchanges jumped 128% to reach $3.43 trillion, the second-highest since May 2021, while derivatives trading volume surged 89% to reach a record $6.99 trillion, surpassing previous highs.

Notably, South Korean exchanges like Upbit saw a surge in trading activity, with traders flocking to altcoins, followed by institutional exchanges like CME, which saw record-high trading volume with a record cumulative trading volume of $245 billion.$BTC $SUI $LINK #BtcNewHolder