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 treated as a country, its GDP would rank eighth, only behind the United States, China, Germany, Japan, India, the United Kingdom, and France. Meanwhile, Bitcoin's market capitalization alone has exceeded $1.77 trillion, surpassing Spain's GDP.