Bitcoin has experienced a significant surge in November, with a 40 percent increase, making it the best-performing month since February. This rise in value follows the recent election victory of former President Donald Trump, which temporarily boosted the cryptocurrency market.
Analysts predict that Bitcoin could reach $100,000 by the end of 2024 and potentially double by the end of 2025, although the impact of political events on its growth may diminish in the coming year.
In economic news, China's manufacturing sector has shown signs of recovery in November due to stimulus measures aimed at revitalizing the struggling economy. This expansion indicates a positive shift in factory activity, suggesting that government efforts are starting to have an effect despite ongoing economic challenges.
Luxury brand Bulgari, owned by LVMH, is redirecting its focus to India in order to mitigate the impact of declining luxury demand in China, which is currently facing an economic slowdown. This strategic move demonstrates the brand's adaptability to changing market conditions and its exploration of new growth opportunities in emerging markets.