Crypto Market Hits $3.1 Trillion, Now World’s 8th Largest Economy
The crypto market has surged to a staggering $3.1 trillion, nearly matching France’s GDP. On November 12, Bitcoin led the charge, jumping nearly 25% in one week.
This makes the crypto market the eighth-largest economy worldwide, behind the economic powerhouses of the US, China, and Germany.
Bitcoin’s Central Role in the Crypto Surge
If cryptocurrencies were a country, their combined value would make them larger than most nations. When compared to the GDP of individual nations, the cryptocurrency market performs remarkably well.
According to the International Monetary Fund, it would rank inside the top ten, positioned between France ($3.17 trillion) and Italy ($2.38 trillion). Leading the way in the top three…
