Bitcoin and Ethereum are experiencing their best monthly gains since February due to the market optimism after Donald Trump’s election win. November has been particularly strong for Bitcoin, with a 38% surge, marking its second-best monthly performance in 2024 after February’s 44% rise. This has pushed Bitcoin close to the $100,000 landmark and solidified its status in the financial industry.
Ethereum has also seen a 42% increase this month, pushing its price above $3,500. Market analysts attribute these gains to Trump’s pro-crypto policies and appointments, which have increased investor confidence and expectations of continued growth for cryptocurrencies in the US.