Crypto Market Cap Reaches All-Time High of $3.12 Trillion, Nears France's GDP

The total market capitalization of the cryptocurrency market has hit a new record high of $3.12 trillion, which is close to surpassing France's GDP. This surge was mainly due to a sudden increase in Bitcoin, which rose to $89,500. If the cryptocurrency market were a country, it would be the eighth largest in terms of GDP, behind the United States, China, Germany, Japan, India, the United Kingdom, and France. Markus Thielen, founder of 10x Research, expects Bitcoin's dominance to remain strong as the crypto market cap moves towards $4 trillion, with Bitcoin expected to reach $100,000 before the end of the year.