Crypto market tops $3tr on Trump boom

The global cryptocurrency market's value has topped $3 trillion as the election of Donald Trump as US president spurred bets that friendlier US regulation could usher in a new boom for all corners of the asset class.

The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on November 14 in Asia, based on analytics and data aggregator CoinGecko, and was last just shy of that level.

That puts it above the heady days of 2021, when pandemic-era stimulus pumped up speculative investments, and marks a revival from just a few months ago when crypto prices and turnover had flatlined.