Crypto market cap hits $3.1T high, could soon surpass France’s GDP
Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s gross domestic product (GDP).
On Nov. 11, total crypto market capitalization soared 7% over 24 hours, due mainly to a sudden surge in Bitcoin, which rallied to $89,500.
If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.
Meanwhile, Bitcoin’s market cap alone is now over $1.77 trillion — larger than Spain’s GDP, according to the International Monetary Fund.
The last time the total crypto market cap was at $3 trillion was Nov. 15, 2021, shortly after Bitcoin reached its previous all-time high of…
