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<p>The cryptocurrency market capitalization reaches unprecedented levels at $3.1 trillion, now nearing the GDP of France. This meteoric rise, driven by Bitcoin nearing $90,000, is reshaping the contours of global finance and challenging traditional economic hierarchies.</p> 
<h2 id="h-la-capitalisation-boursiere-crypto-se-rapproche-du-pib-francais">The cryptocurrency market capitalization is approaching the French GDP</h2> 
<p>Yesterday, November 11, a <a href="https://www.cointribune.com/en/will-bitcoin-break-the-300000-mark-reasons-to-believe-it/" target="_blank" rel="noreferrer noopener">staggering increase of 7%</a> in 24 hours shook the crypto market, mainly fueled by the exceptional performance of Bitcoin. The leading cryptocurrency, which alone represents a capitalization of $1.77 trillion, now surpasses the GDP of countries like Spain, according to the latest IMF data.</p>
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<p>This meteoric progression recalls the previous peak of November 2021, when the market briefly touched $3 trillion. However, the current context appears more solid, supported by growing institutional adoption and the <a href="https://www.cointribune.com/en/1-1-billion-in-one-day-blackrocks-bitcoin-etf-defies-expectations-2/" target="_blank" rel="noreferrer noopener">recent approval of Bitcoin ETFs</a> in the United States.</p> 
<p>The crypto market is now positioning itself ahead of tech giants like Microsoft in terms of capitalization, now closing in on <a href="https://www.cointribune.com/en/nvidia-in-the-dow-jones-a-historic-upheaval-for-investors/" target="_blank" rel="noreferrer noopener">Nvidia</a> and Apple, the two behemoths of global tech.</p> 
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<h2 id="h-perspectives-et-implications-pour-l-economie-mondiale">Perspectives and implications for the global economy</h2> 
<p>This <a href="https://cointelegraph.com/news/crypto-market-cap-soars-new-all-time-high" target="_blank" rel="noreferrer noopener">spectacular ascent</a> positions the crypto sector as a major economic force. If the market were considered a country, it would rank eighth in the world in terms of GDP, just behind major economic powers like the United States, China, and Japan.</p> 
<p>Analysts remain divided on short-term developments. Markus Thielen, founder of 10x Research, anticipates continued dominance of Bitcoin with a target of $100,000 by the end of the year. In contrast, Rachael Lucas from BTC Markets forecasts a possible redistribution of power towards altcoins, which could dilute Bitcoin’s dominance.</p> 
<p>This dynamic is part of a broader context of transformation in the global financial landscape, where cryptocurrencies are gradually establishing themselves as an essential asset class.</p> 
<p>The imminent surpassing of the French GDP by <a href="https://www.cointribune.com/explosion-du-marche-crypto-la-capitalisation-franchit-16-trillion-de-dollars/">crypto capitalization</a> would mark a significant symbolic milestone, illustrating the growing maturity of this still young industry, but now impossible to ignore.</p>

The Crypto Capitalization Is Nearing The GDP Of France… How Far Will It Go?

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