Bitcoin Saw 'Historic Rally' In November Thanks To Trump Win, Says JPMorgan
Bitcoin Saw 'Historic Rally' In November Thanks To Trump Win, Says JPMorgan
The report highlighted a 45% increase in the total crypto market capitalization, which reached $3.3 trillion—its highest monthly return on record. November delivered record-breaking performance across the cryptocurrency market, fueled by political developments and surging investor sentiment, according to a JPMorgan research report released Monday.
根據摩根大通週一發佈的研究報告，11月在數字貨幣市場表現出破紀錄的業績，這得益於政治發展和投資者情緒的飆升。
What Happened: "President-elect Donald Trump's reelection triggered a historic rally, leading to significant growth in market capitalization throughout the crypto ecosystem," analysts led by Kenneth Worthington noted, according to a Coindesk report.
發生了什麼：根據Coindesk的報道，分析師肯尼斯·沃辛頓領導的團隊指出：「當選總統特朗普的連任觸發了一場歷史性的反彈，導致整個加密生態系統的市場資本化顯著增長。」
The rally positively impacted tokens, decentralized finance (DeFi) projects, stablecoins and publicly traded companies tied to cryptocurrencies.
此次反彈對代幣、去中心化金融（DeFi）項目、穩定幣以及與數字貨幣相關的上市公司的正面影響明顯。
The report highlighted a 45% increase in the total crypto market capitalization, which reached $3.3 trillion—its highest monthly return on record.
報告強調，總的加密市場資本化增長了45%，達到了$3.3萬億——創下歷史上最高的月度回報記錄。
Trading volumes across the crypto market more than doubled during the month, with some assets experiencing even greater activity.
整個加密市場的交易量在這個月翻了一番，某些資產的活動量甚至更大。
However, non-fungible token (NFT) volumes continued to lag behind the broader market growth.
然而，非同質化代幣（NFT）的成交量繼續落後於更廣泛的市場增長。
The bank also pointed to a surge in U.S. spot exchange-traded product (ETP) activity, which saw combined monthly net sales of $7.6 billion, marking a new record.
該銀行還指出，美國現貨交易所交易產品（ETP）的活動激增，月度淨銷售額達到了$76億，創下新的紀錄。
Also Read: MicroStrategy Acquires $2.1B Worth of Bitcoin, Total Holdings Now Exceed 423,000 BTC
另請閱讀：microstrategy 收購價值21億美元的比特幣，持有總量現已超過423,000 BTC。
Bitcoin (CRYPTO: BTC) ETPs, in particular, expanded in both size and trading volume.
比特幣（數字貨幣：BTC）交易所交易產品，尤其在規模和成交量上都有所擴展。
These products now account for $105 billion in assets under management, underscoring Bitcoin's growing centrality to the broader crypto market.
這些產品目前管理的資產總額達到1050億，凸顯了比特幣在更廣泛數字貨幣市場中日益重要的地位。
"While Bitcoin ETPs are not significantly reducing BTC spot trading volumes, the ecosystem is becoming increasingly concentrated around Bitcoin," the report noted.
"報告指出，雖然比特幣交易所交易產品並沒有顯著減少比特幣現貨交易的成交量，但生態系統正日益集中於比特幣。"
Bitcoin's dominance, which had been rising throughout 2024, saw a slight decline in recent weeks. JPMorgan attributed this to the increasing popularity of BTC ETPs, which have drawn significant investor interest.
比特幣的市場主導地位在2024年期間持續上升，但近期略有下降。摩根大通認爲這與比特幣交易所交易產品的日益流行有關，這些產品吸引了大量投資者的關注。
On the mining front, November brought an improvement in Bitcoin mining economics.
在礦業方面，11月比特幣的挖礦經濟情況得到了改善。
The rally in Bitcoin's price outpaced growth in its hashrate—the computational power required to secure the network—resulting in better profitability for miners.
比特幣價格的漲幅超過了其算力的增長——確保網絡安全所需的計算能力，從而提高了礦工的盈利能力。
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Image: Shutterstock
圖片：shutterstock
