Crypto market cap hits record $3.2 trillion, CoinGecko data shows

Investing.com -- The global cryptocurrency market has surged past $3 trillion, with Donald Trump’s election as US president fueling speculation that friendlier regulations could spark a new wave of growth across digital assets.

"Generally the way this market goes is bitcoin will break out and then the rest of the altcoins will follow," said Matthew Dibb, chief investment officer at crypto asset management firm Astronaut Capital."So there is that gradual rotation of capital...and then we can expect the total market cap to increase."

Bitcoin has doubled in value this year and risen 30% since the US election on Nov. 5, now reaching $90,000. Meanwhile,Market observers also note significant inflows into crypto exchange-traded funds , which are likely appealing to financial institutions that prefer to avoid holding cryptocurrencies directly.

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