Bitcoin nears $100,000 with nearly 40% gain in November

Bitcoin is set for a nearly 40% gain in November, marking its best month since February. The cryptocurrency's price has surged following Donald Trump's re-election, reaching around $97,845, just below the $100,000 milestone. Investors are optimistic about Bitcoin's future, driven by Trump's victory and the potential for clearer regulations in the crypto industry. Strong inflows into Bitcoin exchange-traded funds (ETFs) have also supported the price increase. The market is reacting to reduced supply after April's halving and growing institutional demand. Many investors believe Bitcoin's price could continue to rise, with expectations of reaching $100,000 by the end of 2024.