November 2024 saw a 34.17% price increase, making it the best November since 2020. Although the month is not over yet, a positive outcome is expected. Earlier this year, February also impressed with a 43.86% increase. These months were the highlights of the year, with Bitcoin mostly trading in the $50k-$70k range.

The impact of ETFs on price growth

One of the main factors behind November's success was the influx of Bitcoin ETFs. Increased institutional participation through ETFs boosted demand, supporting price gains in February and November. This indicates a growing interest from large investors, which has a positive effect on the market.