According to Cointelegraph, the price of Bitcoin (BTC) rose by more than 40.8% in November, the largest monthly increase in history, breaking through $99,000. After Trump won the 2024 US presidential election, investors' interest in risky assets increased, driving up the price of Bitcoin. Analysts expect Bitcoin to break through $100,000.
On November 22, stablecoin inflows into crypto exchanges hit a monthly high of more than $9.7 billion, showing an optimistic signal for Bitcoin prices. CoinGlass data shows that November is the most bullish month in Bitcoin's history, with an average return of more than 46%. The investor sentiment index rose to 88, indicating "extreme greed" but may also indicate a potential market adjustment. Marcin Kazmierczak, co-founder of RedStone, said that as a hedge against inflation, it is only a matter of time before Bitcoin breaks through $100,000.
