CandleFocus Total Crypto Market Cap Tops $3.8 Trillion in Record High
2024-12-05
Author: Content Editor
The total cryptocurrency market cap has reached a new all-time high of $3.83 trillion, driven by factors such as Donald Trump's election victory and the prospect of favorable regulations for cryptocurrencies in the United States. Since the election, nearly $1.5 trillion has entered the market, resulting in a 63% surge in just one month. Bitcoin played a significant role in this record-breaking market cap, reaching its own all-time high of nearly $104,000. Bitcoin's market cap has surpassed $2 trillion, making it the world's seventh-largest asset. Ethereum is close to reclaiming its $4,000 milestone and has a market cap of over $460 billion. Altcoins also saw a surge, with total altcoin market capitalization reaching a new peak of $1.85 trillion, with Ethereum and stablecoins accounting for 35% of this total.
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