Bitcoin accounts for more than half of cryptocurrency market value at $1.8 trillion The global cryptocurrency market value broke the $3.1 trillion barrier at the end of Wednesday's session and early trading today, Thursday, with Bitcoin continuing to record levels above $90,000 per unit.

According to data from the global cryptocurrency platform Coin Market Cap on Thursday, the cryptocurrency market value in early trading today reached $3.102 trillion, up from $2.19 trillion on the eve of the US elections.

The cryptocurrency market received a strong boost from the victory of Republican presidential candidate Donald Trump, due to his supportive positions for the digital currency market and his pledges to regulate it in the United States.

Bitcoin accounts for more than half of the cryptocurrency market value, with a value of $1.79 trillion, according to the platform's data.

On Monday, Standard Chartered Bank predicted a strong rise in the price of Bitcoin and Ethereum in the coming years, and an increase in the market value of crypto assets as a whole by more than 3 times to reach $10 trillion by the time of the US midterm elections in late 2026.