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Ethereum hits $3.2K, surpassing Bank of America market cap
crypto :: 2024-11-10 :: source - cointelegraph
By Josh O'Sullivan
Ethereum, the second-largest cryptocurrency by market capitalization, hit $3,200 on Nov. 10 — its highest since August — as Bitcoin surpassed $79,000 following Donald Trump’s victory in the United States presidential election.
According to CoinMarketCap, the market cap of Ether ETH $3,201.88 now stands at around $383 billion, up almost 5% in 24 hours, putting it roughly $40 billion above Bank of America’s market cap.
ETH’s high valuation compared to Bank of America shows a shift in financial market dynamics as blockchain technology adoption and growth begin to exceed traditional finance (TradFi)...Story continues
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