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    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

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    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

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    NFT market cap drops by $1.2B as Ether rally loses steam

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    From Apes to Punks, NFTs roar back with triple the buyers

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    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

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    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

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    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

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    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

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    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

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    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

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    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

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    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

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    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Bitcoin

Crypto market cap nears France’s GDP after Bitcoin leads $3 trillion rally

November 13, 2024
in Bitcoin
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Crypto market cap nears France’s GDP after Bitcoin leads $3 trillion rally
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Bitcoin nears $91K as buying pressure soars, but challenges emerge

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  • Crypto market cap peaked at highs last seen back in November 2021
  • Standard Chartered forecasts a $10 trillion milestone by 2026

In a remarkable upswing, the global crypto market cap soared to $3.02 trillion on the back of Bitcoin’s latest ATH. In fact, according to CoinMarketCap, figures for the same rose by 9.54% in the last 24 hours. 

With all top 15 cryptocurrencies recording gains over the aforementioned period, the sector has been undergoing a remarkable bull run.

Crypto market cap closes in on France

Interestingly, the digital economy is now closer to a valuation comparable to the 7th largest economy in the world—France. According to Forbes, France’s GDP sits at approximately $3.17 trillion. Here it is worth noting that Bitcoin [BTC] led this charge, contributing $1.75 trillion to the market cap, thanks to its price surge.

Other major contributors included Ethereum [ETH] at $408.6 billion, Tether [USDT] at $124.1 billion, and Solana [SOL] at $103.6 billion.

Bitcoin breaks barriers – What’s powering the rally?

While BTC’s hike is impressive, it also raises a question – Is it just the U.S. election buzz, or is something deeper at play? 

In a conversation with Fox Business, CEO of Professional Capital Management Anthony Pompliano shed light on the matter. He highlighted Bitcoin’s dominance, saying, 

“Bitcoin is the king and Wall Street wants to put their money with the king.”

Pompliano claimed that crossing the $80,000-mark, an inflation-adjusted ATH, has ignited investor interest. Additionally, the exec noted that Bitcoin ETFs are drawing in a fresh wave of capital – Creating demand that wasn’t present in 2021. 

See also  Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?

He is also expecting Bitcoin to maintain strong upward momentum through the end of the year, fueled by a robust influx of new buyers.

Bitcoin’s growing economic demand

Institutions aren’t the only ones eyeing Bitcoin’s value. In a recent interview with CNBC, Barbara Goodstein, Managing Partner at R360, highlighted the impact of Donald Trump’s victory on Bitcoin’s role in national reserves. Goodstein remarked, 

“We think Bitcoin could become the next strategic reserve asset.”

Currently, the U.S holds around 232,000 Bitcoin, but she suggested that under the Republican’s influence, this number could exceed 1 million. This would mean a massive endorsement of Bitcoin’s role in the economy.

Crypto market cap’s path to $10T

As Bitcoin rallies and the crypto market expands, experts are looking ahead to even bigger milestones. In fact, a recent forecast from Standard Chartered envisioned that Trump’s presidency could push the crypto market cap to an astounding $10 trillion by 2026. 

The bank believes regulatory adjustments and potential shifts within the SEC could foster a friendlier stance on digital assets, opening doors for further institutional investment.

Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, highlighted the positive outlook, stating, 

“The rising tide should lift all digital assets; those most exposed to end-use cases are set to benefit most.” 

This bullish forecast is a sign of the growing momentum and legitimacy of cryptocurrencies. Especially as they inch closer to becoming essential assets on the global stage.

Next: Ethereum price prediction – Bulls look to $4k after 43% gains in 7 days
Tags: BitcoincapCryptoFrancesGDPleadsmarketNEARsrallyTrillion

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