Bitcoin printed its biggest monthly candle in crypto history as it inched up toward the $100,000 milestone, driven by growing investor appetite bolstered by Donald Trump’s victory in the United States presidential election on Nov. 5.
Adding to the positive crypto industry outlook for the next four years, official documents revealed that Trump’s social media company has sought a trademark filing for computer software used for cryptocurrency trading and digital wallet services.
Bitcoin prints record 40% monthly candle as price crosses $99,000
Bitcoin price printed the biggest monthly candle in crypto history, as the world’s first cryptocurrency nears the six-figure valuation for the first time.
The Bitcoin (BTC) price rose over 40.8% during November, recording a new all-time high for the biggest monthly candle as BTC breached $99,000, Bitstamp data shows.
BTC/USD, all-time chart. Source: TradingView
Bitcoin’s monthly all-time high came about two weeks after Trump won the 2024 US presidential election held on Nov. 5, inspiring a new wave of investor appetite for risk-on assets such as Bitcoin.
Increasingly more analysts expect Bitcoin to breach the $100,000 mark.
Continue reading
Trump Media hints at crypto trading, payments in TruthFi trademark filing
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 for use as a digital wallet, payment processing for crypto, fiat and trading in digital assets.
Other parts of the filing mention market analysis data and statistics for financial research, plus financial custody services, specifically, “maintaining possession of financial assets for others for financial management purposes.”
Continue reading
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…
..
