On November 21, the trading volume of assets in the "Industrial Bitcoin Complex" in the USA reached $70 billion, thereby setting a new record.

1971953157185168788946

The "Industrial Bitcoin Complex" includes shares of BTC-ETF and the stocks of companies whose business is somehow related to bitcoins. This list of firms includes, for example, the organization MicroStrategy, which invested $32.8 billion in BTC, and the cryptocurrency exchange Coinbase (NASDAQ:COIN).

Today's trading volume of assets in the "Industrial Bitcoin Complex" amounted to $70 billion and broke yesterday's record. About $50 billion of the trading volume came from the stocks of MicroStrategy and its two friends [ETF on MicroStrategy stocks].

The turnover of IBIT [iShares Bitcoin Trust ETF] was also at a high level, reaching $5 billion, which is the second-largest figure. The trading volume of MSTZ [T-REX 2X Inverse MSTR Daily Target ETF] increased for the first time to $1 billion, analyst Eric Balchunas reported.

Change in trading volume of assets in the "Industrial Bitcoin Complex"

The turnover of assets in the "Industrial Bitcoin Complex" reached a peak against the backdrop of a bull rally that continued in the bitcoin market. On November 22, the cryptocurrency's price again broke the previous record, reaching $99,404 on the Bitstamp exchange and coming close to the coveted figure of $100,000.