Altcoins Drive Crypto Market Cap to All-Time High Above $3.6 Trillion
Total crypto market capitalization hit an all-time high of $3.65 trillion during early trading in Asia on Monday, Dec. 2. It is almost $600 billion higher than the previous peak of just under $3.1 trillion during the 2021 bull market three years ago.
Moreover, a large portion of those gains have come over the past month, with $1.2 trillion being funneled into digital assets in November. To put this in perspective, crypto markets have gained more than their entire capitalization in October 2023 in just one month.
The crypto market is now larger than the market cap of the world’s largest company, Apple, which recently surpassed Nvidia again, according to CompaniesMarketCap.
“We’re entering the period of a growing…
