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Coin Edition 2024-12-03 17:10:00

Bitcoin Slows, Altcoins Shine: Crypto Hits $3.49 Trillion Market Cap

Bitcoin Slows, Altcoins Shine: Crypto Hits $3.49 Trillion Market Cap

Cryptocurrency market capitalization surged 7.2% in early December. Altcoins have dominated the crypto market surge since November 2024. Analysts expect more altcoins to surge amid growing bullish momentum. TradingView’s data reveals the cryptocurrency market capitalization surged 7.2% a few days into December to reach $3.49 trillion, marking a record for the all-important crypto metric. The recent December surge reflects the continuation of a massive rally that started after the crucial cryptocurrency metric bounced off significant support in August. According to TradingView’s data, the cryptocurrency market cap bounced off $1.69 trillion after a 6-month decline and rallied 107% to reach a new all-time high. The crypto metric’s rally signifies a capital influx amid growing demand for digital assets. It is worth noting that the crypto market gained $1.21 trillion in November alone, making it the most bullish month in the history of cryptocurrencies. Last November’s bull run started with a notable Bitcoin rally trailing Donald Trump’s victory in the recent U.S. presidential election. The price surge saw the pioneer cryptocurrency gain about 50% in… The post Bitcoin Slows, Altcoins Shine: Crypto Hits $3.49 Trillion Market Cap appeared first on Coin Edition .

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