【Grayscale Report: Cryptocurrency Market Cap Surpasses Global Inflation-Linked Bond Market Value in Q4 2024】CoinGold reported that according to Grayscale Research's report, in the last quarter of 2024, the cryptocurrency market cap rose from $1 trillion to over $3 trillion, surpassing the total value of global inflation-linked bond markets. At one point, the cryptocurrency market cap was even twice that of the total U.S. high-yield bond market. However, the report data shows that the cryptocurrency market cap is still significantly smaller than the global hedge fund industry or Japan's approximately $4.5 trillion stock market. As of the time of writing (December 31, 2024), the cryptocurrency market cap is approximately $3.3 trillion. The significant growth in the cryptocurrency market cap in the fourth quarter is primarily attributed to Trump's election victory in November.