Bitcoin surge and ‘wave after wave of FOMO’ drives crypto market past $3.1tn record – DL News
- The total value of all cryptocurrencies surpassed its last high in November 2021.
- Bitcoin’s price increase is one of the main drivers of the rally.
- “The bull market is back,” says a Nexo analyst.
The total value of all cryptocurrencies hit a new all-time high.
The market rocketed almost 8% to a peak of about $3.12 trillion, according to data from CoinGecko.
That outstrips the market’s last peak in November 2021, when the total value of all cryptocurrencies reached almost $3.07 trillion.
The crypto rally follows a Republican sweep in the US elections.
Donald Trump, who’s called himself the “crypto president,” won back the White House, the Senate flipped back to the GOP, and the House of Representatives looks poised to stay under…
