Data: Cryptocurrency market value surpasses $3.1 trillion, approaching France's GDP

ChainCatcher news, according to Cointelegraph, the cryptocurrency market capitalization has reached a historic high of $3.12 trillion, now approaching that of France's Gross Domestic Product (GDP).

If the cryptocurrency market were considered a country, its GDP would rank eighth, only behind the United States, China, Germany, Japan, India, the United Kingdom, and France. Meanwhile, the market capitalization of Bitcoin alone has surpassed $1.77 trillion, exceeding Spain's GDP.