Bitcoin has achieved a historic milestone with a 40.8% price increase in November, now nearing a valuation of $100,000. This significant price movement marks the largest monthly candle in crypto history. The surge occurred shortly after the latest U.S. presidential election results, boosting investor confidence in riskier assets like Bitcoin. As of November 22, the trading volume also hit a record high of over $9.7 billion, indicating strong market activity. November is typically bullish for Bitcoin, with an average return of over 46%, and sentiment has soared to 'extreme greed' levels. However, analysts caution that increased investor greed could lead to a market correction, similar to past trends when high Fear & Greed Index scores preceded sharp downturns. Despite this, many in the industry, including Marcin Kazmierczak, view Bitcoin as a reliable hedge against inflation, drawing comparisons to gold's historical value storage. The run towards the six-figure milestone seems imminent, with the potential for significant gains still ahead.

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