The crypto market cap has reportedly hit a new all-time high (ATH) of $3.12 trillion. Notably, on November 11, the total crypto market capitalization experienced a 7% jump in 24 hours. The main reason for this increase was due to a sudden spike in the Bitcoin price. Notably, with a jump of 9.41% in 24 hours, BTC price has reached the $89,500 mark. With this, Bitcoin’s market cap alone now exceeds $1.77 trillion. According to the International Monetary Fund (IMF), this accounts for more than Spain’s GDP. Notably, the last time the total cryptocurrency market cap exceeded the $3 trillion mark was on November 15, 2021. This was when Bitcoin reached its previous ATH of $69,000 during the 2020-2021 bull run.
Credit : coinpedia.org
