The value of the global cryptocurrency market has hit $3 trillion as Donald Trump's victory fueled bets that digital money laws will be relaxed and more investor-friendly.
According to CoinGecko data, the total value of the cryptocurrency market reached an all-time high of nearly $3.2 trillion as early as November 14 in Asia.
This atmosphere recalls the glory of the crypto market in 2021, the stimulus of the pandemic era increased speculative investment that warmed the revival in a few months.
Now, crypto giant Bitcoin dominates the market with its market value reaching a new record high of $93,480.
The election of Trump and several pro-crypto lawmakers to Congress has fueled a wave of euphoria by seemingly clearing some of the uncertainty surrounding US regulation.
Bitcoin has doubled this year and is up 30% since Election Day to $90,000.
Ethereum is up about 33% since the election to $3,220 and Dogecoin has gained 140%.
