JP Morgan on crypto last month, “monument”. marks from the note:
- Donald Trump's re-election sparked a historic rally across crypto markets
- November's market cap growth of 45% was the best monthly return in the crypto market.
- US spot crypto ETFs posted another record month in November
- US spot traded products (ETPs) saw higher monthly net sales bank routes (around US$7.6 billion)
- Mining economy improved in November – rally in BTC exceeded hash rate growth
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Bitcoin's hash rate refers to the total computational power that miners use to verify transactions and secure the Bitcoin network. It measures how many hash calculations per second the network performs.
This article was written by Eamonn Sheridan at www.forexlive.com.
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