Crypto Market Cap Reaches All-Time High of $3.12 Trillion, Nears France's GDP

11/12 02:11

Wechat scan to share

The total market capitalization of the cryptocurrency market has hit a new record high of $3.12 trillion, which is close to surpassing France's GDP. This surge was mainly due to a sudden increase in Bitcoin, which rose to $89,500. If the cryptocurrency market were a country, it would be the eighth largest in terms of GDP, behind the United States, China, Germany, Japan, India, the United Kingdom, and France. Markus Thielen, founder of 10x Research, expects Bitcoin's dominance to remain strong as the crypto market cap moves towards $4 trillion, with Bitcoin expected to reach $100,000 before the end of the year.

Comments

All Comments

Recommended for you

Jamie Redman · 04/07 03:35

Bitcoin Drops 7% as Wall Street Futures Slide Before Monday’s Open

Bitcoin dipped to an intraday low of $77,098, mirroring the downturn in futures markets as the Dow Jones Industrial average plunged more than 1,500 points.
William Suberg · 04/07 03:32

Bitcoin price drops below $80K as stocks face 1987 Black Monday rerun

BTC price predictions diverge from stocks as Bitcoin shows surprising resilience to market downside over US trade tariffs — traders see that continuing next week.
Stephen Moore · 04/07 03:28

Crypto plunges as Trump tariff 'medicine' brutalizes global stock markets

US President Donald Trump told reporters he wasn't intentionally engineering a market sell-off, but “sometimes you have to take medicine to fix something.”
cointelegraph · 04/06 13:00

Decentralized exchanges gain ground despite $6M Hyperliquid exploit

Decentralized exchanges like Hyperliquid continue cutting into the market share of their centralized rivals.
Coindesk · 04/06 12:54

Nearly 400,000 FTX users risk losing $2.5 billion in repayments

Nearly 400,000 FTX users risk losing $2.5 billion in crypto repayments unless they complete KYC verification before the extended June 1 deadline.
Kevin Helms · 04/05 05:52

Coinbase Launching US Regulated 24/7 Bitcoin Futures

Coinbase is preparing to launch U.S.-regulated, 24/7 bitcoin and ethereum futures, aiming to modernize trading access and introduce perpetual-style contracts amid rising demand.
The Block · 04/04 23:39

Clanker team earns $13 million in revenue from over 200,000 tokens on Base in just five months

Clanker has generated nearly $27 million in all-time fees, which has resulted in over $13 million in revenue for its team.
Terence Zimwara · 04/04 23:37

The Dark Side of Tariffs: Dalio Predicts Global Stagflation and Economic Upheaval

Ray Dalio warns that Donald Trump’s tariff policies could lead to global stagflation and significantly alter U.S.- China trade relations.
Jesse Coghlan · 04/03 09:56

Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

Bills to create Bitcoin reserves have been introduced in 26 states, with Arizona currently the closest to passing a law.
Stephen Moore · 04/03 09:53

‘National emergency’ as Trump’s tariffs dent crypto prices

A crypto investment specialist at crypto asset manager 21Shares told Cointelegraph that while markets experienced significant volatility, the tariff clarity could be a good thing in the long term.