The global cryptocurrency market capitalization has reached the $3 trillion mark for the first time due to Bitcoin's surge and related factors.
Bitcoin's Rise and Market Impact
Bitcoin has surpassed the $85,000 mark, leading the total cryptocurrency market cap to above $3 trillion on November 11. In the past 24 hours, Bitcoin increased by 6% and gained 38% over the past month.
Cryptocurrencies in the Global Market Context
The overall cryptocurrency market cap stood at just over $3.01 trillion. Bitcoin dominates with a market cap of over $1.67 trillion, surpassing companies like Meta Platforms. Ethereum and stablecoins also significantly contribute to the overall market.
Political Events' Influence on the Crypto Market
Donald Trump's victory in the 2024 US presidential election could create more favorable conditions for the cryptocurrency market. This also supports the growth of altcoins like Solana and BNB amidst overall investor optimism.
Reaching the $3 trillion global cryptocurrency market cap highlights the sustained growth and interest in digital assets. Supported by market and political factors, the industry continues to demonstrate significant achievements.
