Crypto Market Hits $3.1 Trillion, Set to Surpass France’s GDP

Source Beincrypto

The crypto market has surged to a staggering $3.1 trillion, nearly matching France’s GDP. On November 12, Bitcoin led the charge, jumping nearly 25% in one week.

This makes the crypto market the eighth-largest economy worldwide, behind the economic powerhouses of the US, China, and Germany.

Bitcoin’s Central Role in the Crypto Surge

If cryptocurrencies were a country, their combined value would make them larger than most nations. When compared to the GDP of individual nations, the cryptocurrency market performs remarkably well.

According to the International Monetary Fund, it would rank inside the top ten, positioned between France ($3.17 trillion) and Italy ($2.38 trillion). Leading the way in the top three are the United States ($29.17 trillion), China ($18.27 trillion) and Germany ($4.71 trillion), respectively.

The best way to understand the significance of a figure like $3.1 trillion is to compare it to the value of other industries, assets, and investments. Take, for example, precious metals such as gold. Bitcoin, the most valuable cryptocurrency, has been dubbed “digital gold.”

Top Assets by Market Cap. Source: CompaniesMarketCap.com

Currently, physical gold has a market capitalization of $17.5 trillion, which is nearly six times larger than the entire crypto market and 10 times greater than Bitcoin’s market cap of $1.72 trillion. This is only natural, considering gold’s long history and wide range of uses. In the case of silver, the crypto market is almost double the size of the global silver market, which now stands at $1.71 trillion.

We are in the digital gold rush. It started in January 2024 and will run til 2034. 100k by New Year’s 300k in 2025. 10 million minimum by 2035. YOU ARE NOT BULLISH ENOUGH,” said one enthusiast on X.

The crypto market cap has surpassed Microsoft’s valuation and is closing in on companies like Nvidia and Apple. With Bitcoin nearing $90,000, analysts are split on whether Bitcoin can maintain its dominance or if altcoins will rise to the occasion. Despite the uncertainty, the current market trends point to continued growth, making the competition within the crypto space more intense.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold price snaps selling off after fresh Trump comments on tariffsGold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
Author  FXStreet
Apr 24, Thu
Gold price (XAU/USD) is turning positive, recovering above the $$3,300 level at the time of writing on Thursday after two days of firm selling pressure since it topped at $3,500 on Tuesday.
placeholder
Gold price surges past $3,300 on trade jitters, yield slump reviving haven demandGold price snapped two days of losses on Thursday and rose $50, or more than 1.50%, amid renewed concerns about the US-China trade war.
Author  FXStreet
Yesterday 03: 51
Gold price snapped two days of losses on Thursday and rose $50, or more than 1.50%, amid renewed concerns about the US-China trade war.
placeholder
Gold price consolidates in a range; bulls have the upper hand while above $3,300Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues.
Author  FXStreet
Yesterday 03: 53
Gold price (XAU/USD) struggles to capitalize on the previous day's move higher and oscillates in a narrow trading band during the Asian session on Friday amid mixed fundamental cues.
placeholder
Gold edges down amid clash over status of US-China trade talksGold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
Author  FXStreet
20 hours ago
Gold price is on the back foot on Friday, almost erasing all of Thursday’s gains, and looks set to close off this week in the red.
goTop
quote