Crypto market cap hits $3.1T high, could soon surpass France’s GDP

If the crypto market were a country, it would be the 8th biggest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.Meanwhile, Bitcoins market cap alone is now over $1.77 trillion– bigger than Spains GDP, according to the International Monetary Fund.The last time the total crypto market cap was at $3 trillion was Nov. 15, 2021, soon after Bitcoin reached its previous all-time high of $69,000 in the 2020-2021 bull market, according to CoinGecko, which tracks 15,129 coins from 1,149 crypto exchanges.Change in the crypto market cap over the last month. Source: CoinGeckoThe crypto market cap is now bigger than that of tech giant Microsoft and is closing in on Nvidia and Apple, the worlds 2 most important companies, Google Finance information shows.The Bitcoin rate rally also pushed its market cap above that of silver once again on Nov. 11. Source: Companies Market CapSpeaking to Cointelegraph, founder of 10x Research Markus Thielen expects Bitcoin dominance to “remain strong” as the crypto market cap moves towards $4 trillion.Related: Bitcoin rate will hit $1M, however at what cost?