Bitcoin and Ethereum rally as Trump election victory fuels largest monthly gains since February

Bitcoin and Ethereum rally as Trump election victory fuels largest monthly gains since February
фото показано с : cryptoslate.com

2024-12-1 19:11

Bitcoin and Ethereum are on track to post their most significant monthly gains since February, fueled by market optimism following Donald Trump’s election win.

Data from CoinGlass highlights November as one of Bitcoin’s strongest months this year. The flagship crypto has surged over 38%, marking its second-best monthly performance in 2024 after February’s 44% rise. This rally has pushed Bitcoin near the $100,000 landmark and cemented its status in the broader financial industry.

Bitcoin Monthly Returns (Source: CoinGlass)

Ethereum has also mirrored Bitcoin’s upward momentum. The second-largest crypto has jumped by 42% this month, pushing its price above $3,500.

Ethereum Monthly Returns (Source: CoinGlass)

Meanwhile, Bitcoin and Ethereum could still exceed their February milestones as two days remain in November.

Market analysts have attributed these gains to Trump’s election victory on Nov. 5. His pro-crypto policies and appointments have bolstered investor confidence, driving expectations of continued growth for cryptocurrencies and related markets in the US.

The post Bitcoin and Ethereum rally as Trump election victory fuels largest monthly gains since February appeared first on CryptoSlate.

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bitcoin monthly gains february election ethereum trump

Источник: cryptoslate.com

bitcoin monthly → Результатов: 126


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Bitcoin is having the worst month price-wise in 7 years. Ethos and SALT lost 99% of value in November while Factom gained a staggering 137%

With today’s slump of 7. 2%, bitcoin is heading down to record the worst month price-wise in the last 7 years. With the last day of November, bitcoin’s monthly loss has dropped to 37% which is second only to the August 2011 nosedive that saw bitcoin going down by 39% and $8.

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