Bitcoin Prints Record 40% Monthly Candle as Price Crosses $99,000

The world’s first cryptocurrency, Bitcoin (BTC), has printed its biggest monthly candle in crypto history, as the price rose over 40.8% during November. This significant surge brings the BTC/USD price to a new all-time high of $99,000, according to data from Bitstamp.

The Impact of Trump’s Victory on Cryptocurrency

Bitcoin’s record-breaking monthly candle comes just two weeks after Donald Trump’s victory in the United States presidential election held on Nov. 5. This event has inspired a new wave of investor appetite for risk-on assets such as Bitcoin. As a result, analysts are increasingly expecting Bitcoin to breach the $100,000 mark.

Trump Media Hints at Crypto Trading and Payments in TruthFi Trademark Filing

In a recent development, Trump’s social media company revealed possible ambitions for a cryptocurrency trading and payment service in a new trademark filing for ‘TruthFi.’ According to a Nov. 18 filing with the United States Patent and Trademark Office, Trump Media is seeking a trademark for computer software used as a digital wallet, payment processing for crypto, fiat, and trading in digital assets.

Key Features of the TruthFi Trademark Filing

  • Computer software for use as a digital wallet
  • Payment processing for crypto, fiat, and trading in digital assets
  • Market analysis data and statistics for financial research
  • Financial custody services, specifically maintaining possession of financial assets for others for financial management purposes

CFTC Commissioner Urges US Crypto Policy Reforms

Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger discussed the need for standard US crypto-related policies through notice and comment regulation. The United States Commodity Futures Trading Commission (CFTC) has played a role in implementing the current ‘regulation by enforcement’ strategy alongside the Securities and Exchange Commission under the outgoing administration.

Key Points from CFTC Commissioner Summer Mersinger’s Speech

  • The need for standard US crypto-related policies through notice and comment regulation
  • Recent litigation against a decentralized autonomous organization (DAO) required the CFTC to seek a court verdict for entity classification
  • The CFTC wants to classify the DAO as a corporation or association

UK to Deliver Comprehensive Crypto Regulation Framework by Early 2025

A draft regulatory framework for crypto assets will be ready in the United Kingdom early next year, a Treasury official promised at City & Financial Global’s Tokenisation Summit in London on Nov. 21. Some regulations were expected months earlier, but a general election overturned those plans along with the Conservative government of Prime Minister Rishi Sunak.

Key Features of the UK Crypto Regulation Framework

  • Covering stablecoins and staking services, as well as cryptocurrency
  • A comprehensive framework for crypto assets in the United Kingdom

AI and Big Data Tokens Surge 131% Amid Bitcoin Bull Run

Artificial intelligence and big data tokens have seen their market capitalization soar by 131.4% since hitting their lowest point of the year on June 8, riding the momentum of Bitcoin’s ongoing bull run. On Nov. 19, the total market capitalization of AI and big data crypto projects and tokens grew to $42.1 billion.

Key Points from the AI and Big Data Tokens’ Surge

  • Market capitalization soared by 131.4% since hitting its lowest point on June 8
  • Led by Near Protocol (NEAR), Internet Computer (ICP), and Render (RENDER)
  • Overall positive investor sentiment, growing confidence in Bitcoin regulatory clarity, and no major ecosystem collapses contributed to the surge

DeFi Market Overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green. Of the top 100, the Mantra (OM) coin rose over 122% as the week’s biggest gainer, followed by the Stellar (XLM) token, up over 114% on the weekly chart.

Key Points from the DeFi Market Overview

  • Most of the 100 largest cryptocurrencies ended the week in the green
  • The Mantra (OM) coin rose over 122% as the week’s biggest gainer
  • The Stellar (XLM) token, up over 114% on the weekly chart

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