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Crypto market cap hits $3.1T high, may soon surpass France’s GDP

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The total crypto market cap has passed $3.1 trillion, cementing a new all-time high near France’s GDP.

If the crypto market were a country, it would be the eighth-biggest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.Crypto market capitalization has reached a new all-time high of $3.12 trillion — close to surpassing France’s gross domestic product .

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.Change in the crypto market cap over the last month. Source: CoinGeckoBitcoin price will hit $1M, but at what cost? — Michaël van de Poppe

“We anticipate Bitcoin’s dominance to remain strong, with the current rally primarily centered on Bitcoin and extending toward Ethereum and Solana.”Rachael Lucas, a crypto analyst at BTC Markets, told Cointelegraph that a crypto market rally toward $4 trillion would likely be driven by a “massive surge in altcoins,” thus causing a decline in Bitcoin’s dominance.

 

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