Cryptocurrency

Solana

Bitcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrency-market-hits-record-trading-volume" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Hits Record Trading Volume</a><br></p>
<p style="text-align: justify">The cryptocurrency sector achieved an impressive milestone in November, with monthly spot trading volumes soaring to an unprecedented $2.71 trillion. This figure represents a dramatic increase from October’s $1.14 trillion and marks the highest recorded level since May 2021. Leading the pack, <a href="https://en.bitcoinhaber.net/binance-expands-margin-trading-pairs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, the largest cryptocurrency exchange globally, accounted for a substantial 36% of this volume, facilitating trades amounting to $986 billion.</p>
<h2 style="text-align: justify" id="how-significant-were-bitcoin-and-ethereum-futures">How Significant Were Bitcoin and Ethereum Futures?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-reaches-38300-level-for-the-first-time-since-may-2022" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> futures trading hit a remarkable high of $2.59 trillion, while Ethereum futures also surged to $1.28 trillion during the same month. These records were significantly influenced by the pro-cryptocurrency stance of re-elected President Donald Trump.</p>
<h2 style="text-align: justify" id="what-impact-did-sec-chairman-gensler-s-resignation-have">What Impact Did SEC Chairman Gensler’s Resignation Have?</h2>
<p style="text-align: justify">The resignation of SEC Chairman Gary Gensler in November also played a crucial role in shaping market dynamics, as many traders welcomed his exit after a period of stringent regulations. The market reacted positively, reflecting increased optimism among participants.</p>
<ul style="text-align: justify">
 <li>Bitcoin reached a peak price of $99,635.</li>
 <li><a href="https://en.bitcoinhaber.net/solanas-market-trajectory-hints-at-upcoming-upswing" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> experienced an upward trend, marking an all-time high on November 21.</li>
 <li>The GMCI 30 cryptocurrency index rose by 62.3% over the month.</li>
</ul>
<p style="text-align: justify">Market analysts like Augustine Fan from SOFA.org noted a prevailing positive sentiment, particularly surrounding major coins such as Bitcoin. This momentum suggests sustained interest in cryptocurrencies as December approaches.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/cryptocurrency-market-hits-record-trading-volume" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency Market Hits Record Trading Volume</a></h5>

Cryptocurrency Market Hits Record Trading Volume

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