The market capitalization of all cryptocurrencies exceeded 4 dollars of dollars, according to Coingecko data, such as a rally in altcoins like XRP (XRP) and Ether (ETH) continues, merchants running out of Bitcoin (BTC).
This unexplored territory for the crypto pushed the Coindesk 20 (CD20), a performance measure of the largest digital assets, from 4,000. The index increased by 35% in the last month.
Crypto’s market capitalization spent 3 dollars billions for the first time in November 2021, marking the peak of a bull market at the pandemic trained by a cowardly monetary policy, an increase in institutional interest and a speculative mania through the NFT, the gaming tokens and the game.
However, this moment turned out to be ephemeral: the markets quickly turned while the macroeconomic tightening settled, and high -level collapses like Terra and FTX sent spiral assessments, with a bitcoin falling as low as $ 15,625.
It would take three long years and a new political cycle for the crypto to recover this brand of high water.
In November 2024, Bitcoin increased by 36%, his fourth strongest monthly performance since October 2021, after the re -election of Donald Trump slowed down the appetite among investors by betting on a pivot of deregulating cryptographic policy in Washington, culminating in the recent adoption of the law on genius.
Analysts saying that the BTC summit is “far from being”, Crypto can exceed the valuation of the next billion dollars much faster than the last, potentially in a few months rather than years, while capital runs in altcoins and institutional inputs accelerate on punctual ETFs and the assets of the chain.
Read more: Bitcoin exceeds $ 120,000 on Trump report approving cryptographic investments for retirement accounts
