Crypto Market Cap Almost Hits France’s GDP Amid Surge

The cryptocurrency market has reached a record high market capitalization of $3.12 trillion, nearing France’s GDP. On Nov. 11, total crypto market capitalization rose by 7% in just 24 hours, largely driven by a surge in Bitcoin, which rallied to $89,500. If the crypto market were a country, it would rank as the eighth-largest economy globally, trailing only the United States, China, Germany, Japan, India, the United Kingdom, and France. Bitcoin’s own market cap has now surpassed $1.77 trillion, making it larger than Spain’s GDP, according to the International Monetary Fund. The last time the crypto market cap approached $3