Total crypto market capitalization hit an all-time high of $3.65 trillion during early trading in Asia on Monday, Dec. 2.\u00a0It is almost $600 billion higher than the previous peak of just under $3.1 trillion during the 2021 bull market three years ago.<\/p>\n
Moreover, a large portion of those gains have come over the past month, with $1.2 trillion being funneled into digital assets in November.\u00a0To put this in perspective, crypto markets have gained more than their entire capitalization in October 2023 in just one month.<\/p>\n
The crypto market is now larger than the market cap of the world\u2019s largest company, Apple, which recently surpassed Nvidia again, according<\/a> to CompaniesMarketCap.<\/p>\n \u201cWe\u2019re entering the period of a growing pie, a rising tide. Now, it\u2019s time to shift the mindset,\u201d commented Bitwise CEO Hunter Horsley.<\/p>\n \u00a0<\/p>\n It\u2019s time for the abundance mindset in crypto.<\/p>\n Bear markets breed zero sum thinking: amidst a shrinking pie, one gains by taking share from others.<\/p>\n As of this November, crypto has now crossed over it\u2019s prior high of $3 trillion total market cap in Nov 2021.<\/p>\n We\u2019re entering\u2026 pic.twitter.com\/M4E92YrXR3<\/a><\/p>\n \u2014 Hunter Horsley (@HHorsley) December 1, 2024<\/a><\/p>\n\n Bitcoin has had a monumental month, gaining 40% in November, primarily driven by Donald Trump\u2019s presidential election victory. The Kobeissi Letter described Bitcoin\u2019s rally as \u201ctruly historic,\u201d noting that prices have soared 49% over the last four weeks, marking the best such performance since August 2021.<\/p>\n \u201cBitcoin prices have risen ~130% year-to-date and are on track for their 3rd best year over the last decade,\u201d it added.<\/p>\n Bitcoin\u2019s rally has truly been historic:#Bitcoin<\/a> prices have soared 49% over the last 4 weeks, marking the best 4-week performance since August 2021.<\/p>\n The recent run has even surpassed February\u2019s gains after Bitcoin ETFs were launched in January.<\/p>\n As a result, Bitcoin prices\u2026 pic.twitter.com\/SdsKNtEwJ9<\/a><\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) December 1, 2024<\/a><\/p>\n\n However, it is the altcoins<\/a> that have been driving gains over the weekend.\u00a0Ethereum appears to be turning resistance into support, tapping a six-month high of $3,750 on Dec. 2, following a surge of 47% over the past month.<\/p>\n It is poised to breakout from a wedge chart structure that has held since March, observed<\/a> analyst \u2018Rekt Capital\u2019 on X on Monday.<\/p>\n XRP is also surging<\/a> as the Ripple cross-border token hit a six-year high of $2.48 on Dec. 2, following a 30% pump.\u00a0This has enabled the asset to flip Solana and Tether\u2019s market caps to become the third-largest digital asset with a market cap of $138 billion.<\/p>\n The Cardano<\/a> market cap topped 40 billion as ADA surged more than 9% on the day to reach $1.18 during Monday morning trading in Asia. It is the asset\u2019s highest price since March 2022.<\/p>\n Avalanche (AVAX) topped $48 following a 10% daily gain, taking it back to April price levels. Stellar Lumens (XLM) also had a solid weekend, with prices surging to $0.574, their highest levels since May 2021, primarily due to XRP\u2019s big moves.<\/p>\n Hedera (HBAR) took off, adding 44% on the day to reach $0.248 on Dec. 2, while Litecoin (LTC) jumped 20% to top $125 for the first time since March 2022.<\/p>\n The post Altcoins Drive Crypto Market Cap to All-Time High Above $3.6 Trillion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Total crypto market capitalization hit an all-time high of $3.65 trillion during early trading in Asia on Monday, Dec. 2.\u00a0It is almost $600 billion higher than the previous peak of just under $3.1 trillion during the 2021 bull market three years ago. Moreover, a large portion of those gains have come over the past month, […]<\/p>\n","protected":false},"author":0,"featured_media":24958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24957"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24957"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24958"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin\u2019s Big November, Altcoins on Fire<\/h2>\n
Other Big Movers<\/h2>\n