Total crypto market capitalization hit an all-time high of $3.12 trillion during early trading in Asia on Tuesday, Nov. 12. This has now topped the $3.08 trillion market cap peak hit in November 2021, almost three years ago to the day.
Digital asset markets have now gained 80% so far this year, rising from $1.72 trillion on Jan. 1 to over $3 trillion today. This means that the entire crypto asset market is now larger than the market caps of Microsoft, Alphabet , and Amazon. However, these are individual companies, and crypto is still smaller than Apple and Nvidia, so it is still in the early days.The Bitcoin market cap is currently $1.75 trillion, which is larger than that of silver, which is $1.73 trillion. It is also larger than the market caps of Facebook parent Meta and Tesla.
“The fact that gold is still 10 TIMES larger than Bitcoin is incredible,” commented the Kobeissi Letter, adding:In a research report last week, investment bank Standard Chartered said the new government should push through positive policies, which could lead to the total crypto market cap swelling to $10 trillion by the end of 2026.at the moment. The king of crypto hit another all-time high of $89,560 during Asian trading on Nov. 12, according to CoinGecko.
In a note to investors this week, global investment management firm Bernstein said, “Welcome to the crypto bull market. Buy everything you can. Don’t fight this – add crypto exposure asap.”use this linkOne Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
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