- 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.
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