Bitcoin’s record monthly gains come eight days before the end of November — historically the most bullish month for Bitcoin returns.

Bitcoin price has printed the biggest monthly candle in crypto history, as the world’s first cryptocurrency is nearing the six-figure valuation for the first time.

The Bitcoin price rose over 40.8% during November, recording a new all-time high for the biggest monthly candle as $BTC breached $99,000, Bitstamp data shows.

Bitcoin’s monthly all-time high comes over two weeks after Donald Trump won the 2024 US presidential election held on Nov. 5, inspiring a new wave of investor appetite for risk-on assets such as Bitcoin.

Increasingly more analysts expect Bitcoin to breach the $100,000 mark. On Nov. 22, stablecoin flows to crypto exchanges reached a record monthly high of over $9.7 billion, flashing another optimistic signal for Bitcoin’s price trajectory leading up to 2025.

Source: CoinTelegraph