Bitcoin ETFs and MicroStrategy Push Daily Trading Volume to Record $38 Billion
Bitcoin's surge of 11% to $89,500 on November 11th has led to a record-breaking combined daily trading volume of $38 billion for US spot Bitcoin exchange-traded funds MicroStrategy and Coinbase. This surpasses the previous high of $25 million set in March. BlackRock's iShares Bitcoin Trust ETF alone saw a record $4.5 billion in trading volume. MicroStrategy's stock rose over 25% to $340, with a record $12 billion in trading volume, after announcing the purchase of another 27,200 Bitcoin for around $2.03 billion. Bitcoin miners also saw significant gains, with MARA Holdings soaring 29.9% to $25.01.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
