{"id":117722,"title":"The global cryptocurrency market is valued at over $3 trillion.","publisher":"Share Talk","author":"sharetalk","published":"2024-11-14T08:40:56+00:00","modified":"2024-11-14T08:40:56+00:00","canonical_url":"https://www.share-talk.com/the-global-cryptocurrency-market-is-valued-at-over-3-trillion/","markdown_url":"https://www.share-talk.com/the-global-cryptocurrency-market-is-valued-at-over-3-trillion.md","json_url":"https://www.share-talk.com/the-global-cryptocurrency-market-is-valued-at-over-3-trillion.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Exclusive Interviews","Fintech","Technology","Technology, Media & Telecoms"],"tags":["Alabama","Bitcoin","BTC","crypto president","cryptocurrencies","cryptocurrency","Dogecoin","Donald Trump","Dow Jones","Elon Musk","Gary Gensler","Goldman Sachs","Indiana","Michigan","NASDAQ","North Carolina","Republicans","S&P 500","USA","West Virginia"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/11/dreamstime_m_104205946.webp?fit=1200%2C800&ssl=1","format":"news","language":"en-GB","content":"The global cryptocurrency market has surpassed $3 trillion in value following Donald Trump’s election, sparking optimism for more favourable U.S. regulations that could fuel a new surge in digital assets.\n\nAccording to analytics firm CoinGecko, the total market value of cryptocurrencies hit nearly $3.2 trillion earlier today, surpassing the peak levels seen in 2021 when pandemic-related stimulus boosted speculative investments.\n\nThis marks a significant rebound from just a few months ago, when crypto prices and trading volumes were stagnant, and the outlook appeared bleak.\n\nBitcoin remains the dominant player in the market, reaching a record high of $93,480 as the overall market value hit its new milestone.\n\nTrump’s victory, along with the election of several pro-crypto lawmakers in Congress, has lifted market sentiment by reducing uncertainty around U.S. regulatory policies.\n\nBitcoin has doubled in value this year and has risen 30% since Election Day. Ethereum, the second-largest cryptocurrency, is up around 33% since the election, trading at $3,220.\n\nDogecoin, a volatile alternative token frequently endorsed by Trump ally Elon Musk, has surged by 140%."}