The cryptocurrency markets hit record highs due to the influence of Donald Trump.

Donald Trump's election as President of the United States caused a significant fluctuation in the cryptocurrency markets. In November, cryptocurrency exchanges reached the highest trading volume in the last three years, while regulatory expectations and market confidence increased. This activity continues to attract the attention of investors and market observers.

The Crypto World is Reshaped by Trump's Victory

Donald Trump's election victory, who will be the new president of the United States, brought record trading volumes in the cryptocurrency markets. In November, while cryptocurrency exchanges tested the peak of the last three years, the underlying reason for this market activity is the new administration's positive approach towards cryptocurrencies.

According to recent data, the trading volume in spot cryptocurrency exchanges reached $2.9 trillion in November, marking the highest level seen since May 2021. This development is attributed by market experts to the positive signals given by the Trump administration regarding cryptocurrency regulations.

Crypto.com, one of the leading platforms in the sector, described November as "the most dynamic period of the year," while the record trading volumes observed on the platform are noteworthy. Company officials emphasize that the increasing global investor interest has triggered this rise in trading volumes.

The presence of cryptocurrency-friendly figures in Congress supports experts' assessments of "the most crypto-friendly government in U.S. history," and it is expected that this situation will be effective in creating a more suitable regulatory framework for the sector.

Jonathon Miller, who manages Kraken's operations in Australia, draws attention to the intensity experienced particularly in Bitcoin, Dogecoin, and Solana transactions, stating that the post-election upward trend has directed investors towards leveraged trading and risk management strategies.

In a statement from Binance, it is expressed that the approval of Bitcoin ETFs and their successful performance have accelerated the entry of institutional investors into the market and facilitated risk management. It is emphasized that these developments contribute to Bitcoin's integration with traditional financial markets.

The cryptocurrency markets are entering a new growth phase under the influence of political changes and regulatory developments in the U.S., while industry representatives predict that the positive market atmosphere will continue and that global trading volumes will maintain an upward trend.