Bitcoin and Ethereum are experiencing their strongest monthly gains since February, with market optimism following Donald Trump’s election win. Data from CoinGlass shows November as one of Bitcoin’s strongest months, with a 38% increase, making it the second-best monthly performance of 2024, after a 44% rise in February.
This rally has brought Bitcoin near the $100,000 mark and solidified its place in the financial industry. Ethereum has also followed Bitcoin’s upward trend, jumping 42% this month and reaching over $3,500. With two days left in November, Bitcoin and Ethereum could still surpass their February milestones.
Analysts attribute these gains to Trump’s pro-crypto policies and appointments, which have boosted investor confidence and raised expectations for continued growth in cryptocurrencies and related markets in the US.
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