Ethereum Exceeds Bank of America, Mastercard Market Cap
  • Ethereum exceeds several biggest financial institutions in market capitalization.
  • Its market cap recorded a 10.47% increase in just a week, sitting at around $366.13 billion at the time.
  • Ethereum is trading at $3,111.7 at the present time.

The total market capitalization of Ethereum (ETH) climbed through, with its price eventually exceeding the $3,000 mark. Surpassing several of the world’s biggest financial institutions, including Bank of America and Mastercard.

According to the data accumulated through CompaniesMarketCap.com, the market cap of Ethereum stood strong at $366.13 billion at the time of writing on March 24, compared with $347.51 billion from Bank of America and $337.12 billion from Mastercard.

Only JPMorgan Chase (JPM) is the only financial institution above Ethereum at the time of issuing, with a market cap of $419.06 billion.

The current market value of ETH has risen up to $816.74, showing a stable increase. By that, Ethereum has recorded as the second-largest cryptocurrency by market capitalization, next to Bitcoin. 

Recently, there is a significant rising movement with an increase of 10.47% with Ethereum’s market capitalization, as it sat at $331 billion barely one week ago.

Ethereum has also produced a huge outflow from several crypto exchanges over the past weeks. A tweet from a user CryptoGucci said that only 11.3% of Ethereum’s circulating supply is currently held on crypto exchanges. This brought the lowest level of the popular cryptocurrency on exchanges since 2018.

Ethereum’s price successfully maintained the $3,000 mark, where it has lingered for the past few days.

At the time of writing, Ethereum is trading at $3,111.75, recording a 24-hour decrease of -0.19%. In the past seven days, the token’s price is around $2,826.11, showing an increase of 10.1% in just a week.

Disclaimer Read More

Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

CryptoNewsLand (CNL) is a one-stop online crypto news website that offers the latest happenings in the crypto world.