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The month of November will be unforgettable for investors and enthusiasts of the Cryptocurrency market, especially since Donald Trump’s victory. The conquest of the presidency of the United States by the tycoon was the great catalyst for the crypto market rally. In particular, the price of Bitcoin experienced an impressive jump this month.
According to data from CoinMarketCap, during the month of November, the largest cryptocurrency experienced a return of +39%. The latter was motivated by investor enthusiasm for the big changes expected in 2025. During his campaign, President Trump promised a paradise for the world of cryptocurrencies.
These promises range from the end of the war against cryptocurrencies with the firing of Gary Gensler from the SEC, to specific regulation for the sector. Even the Republican and some of his party colleagues announced the intention to incorporate BTC into the strategic reserves of the United States.
As you can see, these are promises of enormous projection. Hence, large capitals poured into this market. Both the digital currency and the ETFs that represent it on the stock market experienced large inflows. These latest investment products received more than $6.2 billion in November alone.
Bitcoin’s performance in November was close to +40%. Source: CoinMarketCap
Will Bitcoin Price Rally Continue in December?
During the day on Friday, the price of Bitcoin rose significantly and many thought it was time for $100K. However, that strong psychological barrier again rejected the attempt and BTC fell short again. This led to the currency falling again to the current $96,680 per unit.
It is likely that in the coming weeks, investors will once again throw their capital into the fray. It will depend on the magnitude of capital that the whales put into play whether the price of BTC conquers this barrier. Analysis experts affirm that $100,000 is a barrier that will not be easily broken because of everything it represents for Bitcoin.
The latter becomes important, especially in December. However, starting in January, the matter could change considerably, when the Trump administration implements its policies to benefit the crypto sector. Among the key dates, January 20 itself stands out. During that day, Trump will be inaugurated as president, in addition to being the official date of Gensler’s resignation as president of the SEC.
In simple words, even if the Bitcoin rally slows down in December, it would most likely be a short-lived ebb. Meanwhile, once it surpasses the $100K mark solidly, its upward trend is likely to become unstoppable until $150K. Despite this, nothing can be taken for granted in a highly volatile asset like Bitcoin.
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