Crypto market capitalisation hits record $3.2 trillion, says CoinGecko
Live MintThe value of the global cryptocurrency market has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on Nov. 14 in Asia, according to analytics and data aggregator CoinGecko. "Generally the way this market goes is bitcoin will break out and then the rest of the altcoins will follow," said Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital. Crypto exchange-traded funds have also been heavily bought, market participants said, possibly an indicator of buying by financial institutions which tend to shy away from directly holding cryptocurrencies.