BTC/USD: Bitcoin Logs Monster 40% Gain in November with $100,000 in Sight for December

Orange coin is close to overtaking the six-digit landmark as crypto enthusiasts anticipate the golden era of digital assets under Trump.

• Bitcoin prices BTCUSD entered December on a high and festive note. Flaunting a 40% gain in November, the OG cryptocurrency is zeroing in on the $100,000 mark with a record high of $99,700 hit late last month. Bitcoin opened for its first December deals at around $96,000 per coin with digital asset enthusiasts believing that a break of the coveted six-digit figure is only a matter of time. Short time.
• Thanks to President-elect Donald Trump’s crypto-friendly agenda, the industry has never been more hyped about growth prospects. To many, Trump’s second four years in the White House are shaping up as the golden era of the crypto space — deregulation, lower taxes and higher tariffs are expected to unleash a new wave of industry growth, expanding institutional and retail interest and fueling prices to new heights.
• Against this backdrop, the elevated buying momentum propelled the exchange-traded funds that hold genuine Bitcoin to new records. Total assets held by all nine Bitcoin ETFs in the US surpassed $100 billion. But that figure was substantially weighed down by Grayscale’s outflows of more than $20 billion. BlackRock’s BTC ETF, IBIT, is the top performer with more than $48 billion in net new money since inception.