CandleFocus

Trump win sends Bitcoin price to all-time high — and boosts 8 key metrics

Author: Content Editor
The price of bitcoin reaching an all-time high has had a significant impact on various metrics within the crypto market. Not only did the price surge, but there were also increases in futures transactions, spot ETF inflows, options volume, exchange trade volume, total circulating bitcoin, total value locked, and total hash rate. Investors showed enthusiasm for bitcoin as Donald Trump's presidency approached, leading to high levels of buying activity in exchange-listed products. Spot bitcoin ETFs experienced their highest-ever day of capital inflows, with $1.373 billion added on November 7. Bitcoin options volume also reached a new record, and open interest on options contracts hit an all-time high. Transaction volume for bitcoin futures and spot bitcoin on major exchanges also reached all-time highs. The total number of mined bitcoins circulating in the market also reached a record high alongside the price. Additionally, a record number of bitcoin were locked in DeFi applications. As more miners joined the network due to the high price, the mining difficulty also reached an all-time high.

Related News