Crypto market cap hits $3 trillion as BTC smashes past $85k
The global crypto market capitalization has reached the $3 trillion mark after several cryptocurrencies rose in the wake of Bitcoin’s surge amid price discovery.
Bitcoin (BTC) smashing past the $85,000 mark set the total crypto market cap on its way to above $3 trillion on Nov. 11.
The flagship cryptocurrency has jumped 6% in the past 24 hours and reached highs of $85k for the first time ever. BTC price is up 38% in 30 days and over the past year, bulls have seen gains of more than 130%.
According to market data tracked by crypto.news, the overall market cap for all cryptocurrencies stood at just over 3.01 trillion at 12:20 ET on November 11, 2024.
The market cap at the time of writing represented…
