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

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

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