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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Market Cap Tops $3T: A New Era Of Adoption Under Donald Trump?

Donald Trump Bitcoin Crypto SEC Gary Gensler United States Ripple
Donald Trump has made a name for himself in the crypto space in recent months, promising support for $BTC and Bitcoin mining and vowing to remove SEC Chair Gary Gensler on his first day at the White House. (Credit: AFP)

KEY POINTS

  • Trump's sweeping victory triggered Bitcoin's spike to $93,000
  • Other altcoins also rode the wave, including SEC-battered Ethereum and $XRP
  • 'The broader crypto market is entering a new era marked by mass adoption and global regulatory backing': WeFi's Maksym Sakharov

Cryptocurrency has hit a new milestone – passing $3 trillion in market capitalization, and there has been nothing but celebrations among Bitcoin holders and owners of other crypto tokens that also rode the green wave since Donald Trump won the 2024 U.S. presidential race.

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