Bitcoin's Daily Mining Stack vs. Daily Fees $ (2017)

Follow the 2017 Bitcoin bull run from the perspective of daily mining issuance and fees. I've also included the mining issuance 365-day moving average (365d MA) as it's helpful in showing when the value of bitcoins mined entering the market is substantially above or below the average for the past year. In this case, you can see that towards the end of 2017 the value coming in to the market is over 6 times the 365-day moving average.

Data source: Coin Metrics

Coin Metric's Daily Total Issuance Definition:

The sum USD value of all new native units issued that day.

Coin Metric's Daily Total Fees Definition:

The sum USD value of all fees paid to miners that day. Fees do not include new issuance.

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