Bitcoin surged nearly 40% in November thanks to Trump

In November, the price of Bitcoin experienced a strong increase, recording a rise of nearly 40%, especially after Donald Trump's victory in the U.S. presidential election. According to data from Coin Metrics, the price of Bitcoin rose about 38%, making November the month with the best gain since February this year.

Trump's victory created a wave of optimism among investors, as he promised to make the U.S. a hub for cryptocurrency and establish policies friendly to this industry. Investors hope that the new administration will create a favorable legal environment for Bitcoin, as well as ease oversight from regulatory bodies like the SEC.

Although the price of Bitcoin has approached nearly 100,000 USD, the lack of strong momentum to surpass this milestone has led to a wave of profit-taking from investors. However, interest from Bitcoin ETF funds and the potential for Bitcoin's growth to return is still highly regarded by experts in the near future.