Dogecoin's market value surpasses Ford as crypto market cap hits $3 trillion

Dogecoin's market value has surged to $53 billion, surpassing Ford and other major companies like Allstate and Keurig Dr Pepper. This increase of 157% follows Donald Trump's election win, which has sparked a broader cryptocurrency rally. The total cryptocurrency market cap has reached $3 trillion, gaining about $700 billion since the election. Bitcoin has also hit record highs, nearing $90,000, as investors anticipate favorable regulatory changes under Trump. Dogecoin peaked at $0.4355, its highest level since June 2021, but remains 33% below its all-time high of $0.72 from May 2021. Elon Musk's support for Dogecoin continues, with speculation about his potential influence in the new administration.