The sum market value of cryptocurrencies touched a high of nearly 3.2 trillion early on November 14 in Asia, based on analytics and data aggregator CoinGecko, and was last just shy of that level.
That puts it above the heady days of 2021, when pandemic-era stimulus pumped up speculative investments, and marks a revival from just a few months ago when crypto prices and turnover had flatlined.
Bitcoin dominates the crypto market and the market value milestone coincided with the tokens rise to a record 93,480 BTC .
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.
So there is that gradual rotation of capitaland then we can expect the total market cap to increase.
