TradingView data shows that the market capitalization of cryptocurrencies has increased by 7.2% over several days in December, reaching $3.49 trillion, which is a record for this key crypto metric. The recent December surge reflects the continuation of a significant rally that began after the key cryptocurrency metric bounced off substantial support in August.

According to TradingView, the cryptocurrency market capitalization rebounded from $1.69 trillion after a 6-month decline and grew by 107%, reaching a new all-time high. The rise in the crypto metric indicates an influx of capital amid increasing demand for digital assets.

It is worth noting that in November alone, the cryptocurrency market grew by $1.21 trillion, making it the most optimistic month in the history of cryptocurrencies. Last November's growth started with a noticeable Bitcoin rally following Donald Trump's victory in the recent U.S. presidential election. Due to the price surge, the first cryptocurrency rose by about 50% in November and reached a new all-time high of $99,800.$HBAR $TRX $IOTA #2024withBinance .