Users hold $130 billion worth of crypto

This came on the same day Record for the highest number of cryptocurrencies held by users on Binance, well over $130 billion.

As DefiLlama points out, this number has been increasing in the last 24 hours to 141.74 billion dollars.

According to reports from CryptoQuant, another growth data point for Binance relates to Foreign exchange reserve percentagethe metric that shows the percentage of reserves held on Binance compared to all reserves on the crypto exchange.

Exactly this data, Binance has reached its all-time high of 25%increased by +4% last year. Only Coinbase beats this data with a reserve of 33%.

Between November 6th and 7thThen, Binance also recorded Record withdrawals in Bitcoinwhich is equivalent to 9,773 BTC. Amazing numbers considering that Coinbase Pro withdrew 440 BTC, Bitfinex 1,242 BTC, and Gemini 1,799 BTC in these 24 hours.

Binance: the record numbers and the all-time highs

In this regardRichard TengCEO of Binance, commented on the platform’s record numbers:

“This period of consecutive all-time highs, billion-dollar inflows on Binance and the increase in our reserve percentage underscores the strength and resilience of Binance, chosen by nearly 240 million users.” It also reflects the growing adoption and growth of digital assets in the global financial landscape. The increasing discussion about cryptocurrencies during major political events such as the US presidential election also highlights the increasingly central role of cryptocurrencies in shaping the future of finance and politics. We are currently experiencing the golden age of cryptocurrencies, in which their potential is being realized and used worldwide.”

In fact, in addition to Donald Trump’s victory as pro-crypto President of the USA, these days were also marked by this new all-time high prices for Bitcoin (BTC) and other cryptocurrencies.

BTC price: almost $90,000

Afterwards there is euphoria on the crypto market Bitcoin (BTC) has surpassed its previous all-time high or March 2024 historical high above $73,000.

In fact, immediately after Trump’s victory in the 2024 presidential election BTC began its price rally, pulling the rest of the crypto market higher.

At the time of writing this article BTC is worth $89,806 and is already at a new ATH. In the last 24 hours, the price of BTC has increased by +10.95%. Furthermore, expanding the chart, the price of BTC has increased by +30% in the last 7 days.

BTC’s market capitalization also continues to rise. At the time of writing this article the total capitalization of BTC is $1.770 billion.