Bitcoin price surge to $16.2K accompanied by record volume

Bitcoin (BTC) has had a great November so far, and many analysts believe the future remains bright for the top-ranked cryptocurrency.

Currently sitting at $16,000, its price has surged by 23% since the start of the month, rallying mostly after the completion of the United States presidential election. Now, Bitcoin spot volume has passed all previous records in 2020, showcasing the growing demand for acquiring BTC.

The strong rally to $16,200 led Bitcoin spot volumes to rise by more than 270%…

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