Crypto market capitalisation hits record $3.2 trillion, CoinGecko says

SINGAPORE -The value of the global cryptocurrency market has topped $3 trillion and is in uncharted territory as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class.

That puts it above even the heady days of 2021, when pandemic-era stimulus pumped up speculative investments, and marks a stunning revival from just a few months ago when crypto prices and turnover had been flatlining and the outlook was humdrum.Trump's election, and that of several pro-crypto lawmakers to Congress, has driven the wave of euphoria by apparently clearing some of the uncertainty around U.S. regulations.

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Crypto's $245 million campaign finance operation filled airwaves with ads not about cryptoThe crypto sector emerged as a top donor this election cycle, but the ads it funded weren’t about digital currencies.
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