The new monthly all-time high marks a significant achievement for Bitcoin, considering there are eight more days left in November, during which the Bitcoin price can see more appreciation.

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