The crypto market capitalization has reportedly achieved a new all-time high (ATH) of $3.12 Trillion. Notably, on 11th November, the total crypto market cap experienced a jump of 7% in 24 hours. The prime reason for this surge was due to a sudden spike in the Bitcoin price. Notably, with a 24-hour jump of 9.41%, BTC price has achieved the $89,500 mark. With this, the market cap of Bitcoin alone is now over $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 capitalization was above the $3 trillion mark was on 15th November 2021. This was when Bitcoin reached its previous ATH of $69,000 during the 2020-2021 bull run.
Source: https://coinpedia.org/crypto-live-news/crypto-market-cap-hits-3-1-trillion/