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“Make Bitcoin Great Again” hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, July 27, 2024. Bloomberg | Bloomberg | Getty Images
The price of bitcoin is tracking for one of its best months of the year after former President Donald Trump’s election victory catapulted the flagship cryptocurrency to new records consistently throughout the month.
Bitcoin is on pace to post a 38% gain for November, according to Coin Metrics, which would make the month its best since February, when it gained 45% following the launch of spot bitcoin ETFs. That was also ahead of its first new record of the year since November 2021.
Stock chart icon Bitcoin climbs to best month since February
On an intraday basis, bitcoin was last higher by more than 2% at $97,081.81. Earlier, it traded as high as $98,722.00. Coinbase fell 4.75%, while bitcoin proxies MicroStrategy and Mara Holdings gained 0.67% and 1.86%, respectively.
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