Though the price of bitcoin stole the present throughout Donald Trump’s re-election, its rally additionally lifted a lot of different key metrics. Coinciding with an all-time excessive in price had been bitcoin’s resurgence to all-time excessive futures transactions, spot ETF inflows, choices quantity, trade commerce quantity, complete circulating bitcoin, complete worth locked, and complete hash fee.
These are the eight metrics that took the Bitcoin community to an all-time excessive past its USD price.
All-time excessive bitcoin each 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 in the course of 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.
All-time excessive bitcoin choices quantity
Bitcoin choices quantity additionally hit a brand new file this week. In response to information aggregated at Coinglass, $2.47 billion value of bitcoin choices traded on the forex’s largest choices trade on November 7.
CME, Bitcoin’s second-largest choices trade, posted record-high volumes simply previous to the election: $528 million on November 2.
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.
Learn extra: CHART: Bitcoin may have turned your $1,200 stimulus test into $14,000
All-time excessive bitcoin futures transactions
Transaction quantity for an additional bitcoin spinoff additionally hit a file this week. On November 6, 29,081 futures contracts traded arms forward of bitcoin’s front-month, November 2024 expiry on the CME.
All-time excessive bitcoin trade commerce quantity
Whole 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.
All-time excessive complete circulating bitcoin
Though simple to forecast given bitcoin’s predictable provide and issuance schedule, the full variety of mined bitcoins which can be circulating out there reached an all-time excessive alongside the USD price of every coin. On November 7, complete circulating BTC hit 19,778,915 — 94.1% of its provide cap.
All-time excessive bitcoin complete worth locked
Buyers locked a file 39,790 bitcoin value $3 billion in DeFi functions utilizing Bitcoin’s blockchain per information from DefiLlama.
Learn extra: Jack Dorsey and Block abandon Web5 to mine bitcoin
All-time excessive bitcoin community mining issue
As a file bitcoin price incentivized extra miners to affix the community to earn block rewards, Bitcoin’s protocol has raised the mathematical issue of hashing a block of transactions.
As of November 7, the mining issue 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 occasions tougher it’s to mine a block in comparison with the best it may ever be.
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