Though the worth of bitcoin stole the present throughout Donald Trump’s re-election, its rally additionally lifted numerous different key metrics. Coinciding with an all-time excessive in worth have been bitcoin’s resurgence to all-time excessive futures transactions, spot ETF inflows, choices quantity, alternate commerce quantity, whole circulating bitcoin, whole worth locked, and whole hash price.
These are the eight metrics that took the Bitcoin community to an all-time excessive past its USD worth.
All-time excessive bitcoin every day spot ETF inflows
As bitcoin rallied on enthusiasm for Donald Trump’s incoming presidency, conventional buyers preferring exchange-listed merchandise additionally positioned loads of purchase orders.
After adjusting for a one-day anomaly of Grayscale trust-to-ETF asset rotation throughout the debut of spot bitcoin ETFs, US-listed spot bitcoin ETFs loved their highest-ever day of capital inflows as bitcoin itself rallied previous $74,000.
On a web foundation, buyers added $1.373 billion of capital to US spot bitcoin ETFs on November 7.
As bitcoin rallied, conventional buyers positioned loads of purchase orders.
All-time excessive bitcoin choices quantity
Bitcoin choices quantity additionally hit a brand new file this week. In accordance with knowledge aggregated at Coinglass, $2.47 billion value of bitcoin choices traded on the foreign money’s largest choices alternate on November 7.
CME, Bitcoin’s second-largest choices alternate, posted record-high volumes simply previous to the election: $528 million on November 2.
$2.47 billion value of bitcoin choices traded on the foreign money’s largest choices alternate on November 7.
All-time excessive bitcoin open curiosity
Bitcoin open curiosity on choices contracts additionally hit an all-time excessive alongside their underlying asset. On November 7, bitcoin open curiosity aggregated at Coinglass totaled a staggering $32.57 billion.
On November 7, bitcoin open curiosity totaled $32.57 billion.
All-time excessive bitcoin futures transactions
Transaction quantity for one more bitcoin by-product additionally hit a file this week. On November 6, 29,081 futures contracts traded fingers forward of bitcoin’s front-month, November 2024 expiry on the CME.
On November 6, 29,081 futures contracts traded fingers.
All-time excessive bitcoin alternate commerce quantity
Complete buying and selling quantity of spot bitcoin throughout main bitcoin exchanges additionally hit an all-time excessive this week. On November 6, crypto exchanges reported $1.49 billion value of spot bitcoin transactions.
On November 6, crypto exchanges reported $1.49 billion value of spot bitcoin transactions.
All-time excessive whole circulating bitcoin
Though simple to forecast given bitcoin’s predictable provide and issuance schedule, the full variety of mined bitcoins which might be circulating available in the market reached an all-time excessive alongside the USD worth of every coin. On November 7, whole circulating BTC hit 19,778,915 — 94.1% of its provide cap.
On November 7, whole circulating BTC hit 19,778,915.
All-time excessive bitcoin whole worth locked
Traders locked a file 39,790 bitcoin value $3 billion in DeFi functions utilizing Bitcoin’s blockchain per knowledge from DefiLlama.
Traders locked 39,790 bitcoins value $3 billion in DeFi functions.
All-time excessive bitcoin community mining problem
As a file bitcoin worth incentivized extra miners to hitch the community to earn block rewards, Bitcoin’s protocol has raised the mathematical problem of hashing a block of transactions.
As of November 7, the mining problem is at an all-time excessive of 101,646,843,652,790.
Problem is expressed as a daily quantity that merely describes what number of instances tougher it’s to mine a block in comparison with the best it might ever be.
Bitcoin’s protocol has raised the mathematical problem of hashing a block of transactions
