BTC $47330.19 (-2.6%)
ETH $3321.98 (-5.4%)
USDT $0.99 (-0.0%)
BCH $612.78 (-3.6%)
BSV $155.20 (-2.4%)
LTC $176.83 (-3.7%)
BNB $405.05 (-3.1%)
ADA $2.33 (-3.2%)
DOGE $0.23 (-4.1%)
BTC $47330.19 (-2.6%)
ETH $3321.98 (-5.4%)
USDT $0.99 (-0.0%)
BCH $612.78 (-3.6%)
BSV $155.20 (-2.4%)
LTC $176.83 (-3.7%)
BNB $405.05 (-3.1%)
ADA $2.33 (-3.2%)
DOGE $0.23 (-4.1%)

Ethereum Market Cap Exceeds Wells Fargo, Morgan Stanley

Ethereum Market Cap Exceeds Wells Fargo, Morgan Stanley
  • Ethereum market cap has exceeded many companies including Wells Fargo, Morgan Stanley, and American Express.
  • Ethereum has reached an all-time high market capitalization of $200 billion.

Ethereum’s market cap has now surpassed many heavyweight companies like Wells Fargo, Morgan Stanley, and American Express. Currently, Ethereum has reached an all-time high of $200 billion.

This upward increase in market capitalization marks Ethereum’s first time to see an all-time high of $200 billion. As per CoinGeckoEthereum’s sudden surge occurred soon after its price soared to an all-time high of over $1,752.05.

This makes it more valuable in terms of market capitalization compared to Wells Fargo, Morgan Stanley, and American Express. At the time of writing, Wells Fargo’s market cap has $134.5 billion, Morgan Stanley has $103.4 billion, and American Express has $93.5 billion.

Alongside Ethereum’s rally, Binance Coin also recorded an all-time of $75.50. As a result, BNB is now the seventh-largest cryptocurrency in terms of market capitalization. Meanwhile, at the time of writing, BNB’s market capitalization is at $10.5 billion.

Also, companies like Grayscale and MicroStrategy continue to support and acquire large amounts of Bitcoin. Aside from BTC, these investment firms hold billions of dollars’ worth of altcoins.

Furthermore, online payment giants Visa and Paypal have also been promoting cryptocurrency adoption.

Read Also: Ethereum (ETH) Price Analysis and Price Prediction 2021

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.