Following President Trump's historic victory, US stocks and crypto market saw a mega surge in November. Alone saw the crypto market’s total capitalization surge by over $1.2 trillion, soaring from $2.3 trillion at the month’s start to a staggering $3.3 trillion by its close.
Seeing this, various analysts are drawing parallels to previous bullish cycles, highlighting this as one of the most significant recoveries in recent years. This growth mirrors the market’s peak in 2021, driven by speculative investments and stimulus-fueled optimism.
For instance, institutional interest has notably risen, with increased participation from hedge funds, asset management firms, and corporations driving market activity. Bitcoin, often seen as a safe haven asset, recorded notable gains in both price and trading volume, reinforcing its dominance. Upcoming macroeconomic factors and global events could majorly affect the markets in next upcoming months.
As of now, at the time of writing this article, BTC is trading around $94.9k and has a market capitalization of $1.87 Trillion. Meanwhile, the collective market capitalization stands at $3.47 Trillion and has seen a growth of over 2.6% in the last 24 hours.