Bitcoin historically sees a 42.51% increase in November, potentially reaching $160,000. Analysts note macroeconomic factors at play, including US-China trade tensions, potential Fed rate cuts, and economic uncertainty. Trump and Xi Jinping’s recent meeting signals progress in trade talks, with Trump optimistic about a deal. Fed cuts and halting quantitative tightening may benefit Bitcoin, encouraging riskier asset investments. US gov shutdown persists, impacting SEC approval of crypto ETFs and market structure bill advancements.

Read more at CoinTelegraph: Bitcoin Enters Biggest Month of Gains After Red October