Ethereum Exceeds Bank of America, Mastercard Market Cap

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, 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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