BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Crypto Market Hits $3.83 Trillion as Bitcoin Tops $104K

by Sham
December 5, 2024
in Crypto
A A
Crypto Market Hits $3.83 Trillion as Bitcoin Tops $104K
1
SHARES
Share on TwitterShare on Reddit

• Total crypto market cap has reached an all-time high of $3.83 trillion, driven by Bitcoin’s surge to just under $104,000
• Bitcoin’s market cap has exceeded $2 trillion for the first time, making it the world’s seventh-largest asset
• Altcoin market capitalization has also hit a new peak of $1.85 trillion, surpassing its November 2021 peak

Cryptocurrency markets have been making headlines this week, with the total market capitalization hitting a record high. The total crypto market cap has now reached a staggering $3.8 trillion, marking a significant milestone in the crypto industry. This surge in value has been largely driven by recent political developments and the promise of a more crypto-friendly regulatory environment in the United States.

JUST IN: Total crypto market cap hits new all time high of +$3.8 trillion 🚀 pic.twitter.com/S0OjYL0D4G

— BlockNews (@blocknewsdotcom) December 5, 2024

Historic Rise of Total Crypto Market Cap

This week, the total crypto market cap reached an all-time high of $3.83 trillion, marking a 27% rise in just one day. This surge has been significantly influenced by the recent presidential election victory of Donald Trump, who is known for his pro-crypto stance. In fact, since election day on November 5, nearly $1.5 trillion has been injected into the crypto market, resulting in a mind-boggling 63% surge in total cap in just one month.

Bitcoin Dominance in the Crypto Market

The rise in the crypto market cap has outpaced its previous peak during the 2021 bull market when it hit a high of $3.08 trillion. This current peak is 24% higher, hinting at a possible similar gain in the upcoming cycle. Bitcoin has played a significant role in driving this record, reaching its own all-time high just shy of $104,000. Consequently, Bitcoin’s dominance has recovered to 57%, and its market cap has crossed the $2 trillion mark for the first time, placing it as the world’s seventh largest asset.

Predictions for Future Bitcoin Market Cap

Notable figures in the crypto industry like Michael Saylor, the founder of MicroStrategy, have made bold predictions about the future of Bitcoin’s market cap. Saylor predicts that the Bitcoin market cap could reach a staggering $280 trillion by 2045, equating to a value of $13 million per coin.

Altcoin Market Cap at All-Time High

Ethereum, the second-largest digital asset by market capitalization, has yet to reclaim its psychological barrier at $4,000 but is not far off. However, the total altcoin market capitalization has also hit a new peak, surpassing its previous high in November 2021. Currently, Ethereum and stablecoins alone make up 35% of this total.

Conclusion

This week’s record-breaking surge in the total crypto market cap underscores the growing influence and acceptance of cryptocurrencies. The pro-crypto stance of the newly-elected President and the promise of a more favorable regulatory environment have ignited a fire in the crypto markets, driving total market capitalization to unprecedented heights. As we move forward, the crypto market continues to hold promising potential for investors worldwide.

Tags: all-time highBull MarketcryptocurrencyDonald TrumpUnited States
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch
Crypto

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch

May 8, 2025
JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?
Crypto

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent
Crypto

U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent

May 7, 2025
Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why
Crypto

Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why

May 7, 2025
Load More

Related News

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch

May 8, 2025
JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.