Bitcoin surged 11% to $89,500 on Nov. 11, driving U.S. Bitcoin ETFs, MicroStrategy (MSTR), and Coinbase (COIN) to a record $38 billion in combined trading volume. This shattered the previous high of $25 million set in March. BlackRock’s iShares Bitcoin Trust ETF alone hit $4.5 billion in trading volume. MicroStrategy's stock soared over 25% as it added 27,200 Bitcoin to its holdings. COIN also jumped nearly 20%, surpassing $300 for the first time since 2021. Bitcoin miners like MARA and CleanSpark saw significant gains, fueled by positive sentiment from recent political shifts in the U.S.
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