*Crypto Market Hits Record $3.2 Trillion*
The global cryptocurrency market has surged past $3 trillion, driven by optimism following Donald Trump's election. Bitcoin's value has doubled this year, reaching record highs, while altcoins like ether and Dogecoin have also seen significant gains.
*Key Highlights:*
- Crypto market capitalization hits record $3.2 trillion (CoinGecko)
- Bitcoin's value doubles this year, reaching $93,480
- Altcoins like ether and Dogecoin see significant gains
- Trump's election drives optimism and potential for friendlier U.S. regulation
- Crypto exchange-traded funds heavily bought, indicating institutional investment
*Expert Insights:*
- "Bitcoin enthusiasts are known for bold predictions, but hitting $100,000 by year-end seems feasible." (Carl Szantyr, Blockstone Capital)
- "Generally, the way this market goes is bitcoin will break out and then the rest of the altcoins will follow." (Matthew Dibb, Astronaut Capital)
*Market Context:*
- Crypto market value still dwarfs traditional asset classes (gold: $19 trillion, S&P 500: $50.6 trillion)
- Some parts of the ecosystem show caution (NFT sales prices stagnant)
- Renewed attention brings momentum to DeFi and blockchain-based services
