The post Bitcoin Soars 11% to $89,500 as Trading Volume Hits Record $38 Billion appeared on BitcoinEthereumNews.com.

On November 12th, COINOTAG News reported a significant price **surge** in **Bitcoin**, which rose by 11% to **$89,500**. This surge catalyzed an unprecedented daily trading volume of **$38 billion** across major platforms, including the U.S. Bitcoin spot ETF, **MicroStrategy Inc (MSTR)**, and **Coinbase Global Inc (COIN)**. According to **Bloomberg** ETF analyst **Eric Balchunas**, this trading volume has dramatically exceeded the previous record of approximately **$250 million** set in March. Balchunas noted, “Multiple data points are hitting all-time highs,” highlighting that the trading volume for Blackrock’s iBIT ETF reached **$4.5 billion**, suggesting robust investor interest. As these trends continue, the market demonstrates a formidable appetite for **cryptocurrency** investments, indicative of the evolving financial landscape. Source: https://en.coinotag.com/breakingnews/bitcoin-soars-11-to-89500-as-trading-volume-hits-record-38-billion/

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Filed under: News - @ November 12, 2024 2:22 am