Ethereum edges into top 50 global assets while Bitcoin climbs to 12th largest asset worldwide by market cap

2023-8-1 07:00

Quick Take

Ethereum has reached a significant achievement by cracking into the top 50 global assets based on market capitalization, with a current worth of $223 billion. This pushes it past palladium and brings it to just $17 billion behind platinum, indicating a notable surge among global assets.

Bitcoin also retains a substantial rank as the 12th largest global asset by market capitalization, with a valuation of approximately $570 billion. Although it’s still significantly away from the top group—occupied by tech stocks and precious metals such as silver and gold—its stature remains among the world’s leading assets.

These advancements highlight the growing impact of cryptocurrencies on the global financial stage. Specifically, Ethereum’s upward trajectory underscores the evolving character of the market as it establishes its position alongside traditional assets like precious metals.

Investors and market watchers alike will likely continue to closely monitor the progress of both Bitcoin and Ethereum as they challenge conventional asset classes and potentially reshape the hierarchy of global market capitalizations.

Ethereum: (companiesmarketcap.com)

The post Ethereum edges into top 50 global assets while Bitcoin climbs to 12th largest asset worldwide by market cap appeared first on CryptoSlate.

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