Bitcoin on Track for Almost 40% November Increase, Approaching $100,000 – Slashdot
Bitcoin is making headlines again, and this time it’s for the impressive gains it’s seen this November. On November 5, the price hit a record high of $74,200, followed by another milestone on November 11 when it surged to $84,000. The excitement didn’t stop there – just a day later, on November 12, Bitcoin surpassed $90,000.
According to a report from CNBC, Bitcoin is on track to achieve a 38% gain for the month of November, making it the best month for the cryptocurrency since February. Back then, after the launch of spot bitcoin ETFs, Bitcoin saw a 45% increase.
With the way things are going, some optimistic investors, known as bulls, predict that Bitcoin’s price could hit $100,000 by the end of 2024. And looking even further ahead, there’s speculation that it could double in value by the end of 2025.
Exciting times in the world of Bitcoin – who knows what milestones we’ll see next!
