[Analysis] "Bitcoin, 37.3% Surge in November...Possibility of Reaching 11.5 Million Dollars"
Suehyeon Lee
Summary
- It was reported that Bitcoin prices surged by 37.3% in November due to the influence of the U.S. presidential election.
- Historically, December after the election has seen a 30%~46% increase, it was stated.
- It was analyzed that Bitcoin could reach 11.5 million dollars by the end of November.
Bitcoin (BTC) prices surged in November due to the influence of the U.S. presidential election, with the possibility of reaching a maximum of 11.5 million dollars this month.
On the 2nd (local time), Spot On Chain's data analysis platform reported through X (formerly Twitter) that "Bitcoin surged by 37.3% due to the influence of the U.S. presidential election in November 2024."
It further stated, "Historically, December after the election has seen a sharp increase of about 30%~46%, and if this trend repeats, there is a possibility of reaching a maximum of 11.5 million dollars this month."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
