Bitcoin and Cryptocurrency-related stocks in the U.S. rose on Monday

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Cryptocurrency-related stocks in the U.S. rose on Monday, with cryptocurrency making biggest gains in November Bitcoin's biggest gain of 2023 over $42,000

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. Bitcoin rose 4.0% to $41,598.0, its highest point since April 2022, buoyed by a possible US interest rate cut and expectations that US stock market-traded bitcoin funds will be approved.

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. According to Swissquote Bank's top market analyst Ipek Ozkardeskaya, the Bitcoin ETF approval will boost the market, making it easier to invest in the market.

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. Bitcoin reached a high point of $42,162, so it has benefited from the decline in production and positive sentiment in the market for the coming year.

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Bitcoin's slow process design has created a positive and upbeat environment

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Coinbase (COIN.O) jumped 7.3% before the bell, with the stock up nearly 62% in November despite a drop in trading volume in the third quarter.

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. Bitcoin investor MicroStrategy bought $593 million worth of bitcoins last month, up 8.2%, helping to add positive momentum to the cryptocurrency market.

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Bitcoin miners including Riot Platforms (RIOT.O), Marathon Digital (MARA.O), and Clean Spark (CLSK.O) are seeing significant increases in their double-digit gains in November, ranging from 9.7% to 12.0%.

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The ProShares Bitcoin Strategy ETF, which tracks bitcoin futures, rose 7.4% to hit a one-year high as more investors invested in the cryptocurrency

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A high-profile crash in 2022 has given Bitcoin more than 150% value in 2023, despite a pessimistic start to the year, making it the best annual performance since 2020, giving it its current high profile.