Press "Enter" to skip to content

Ethereum Now Worth More Than Bank Of America

Ethereum (CRYPTO: ETH) — the world’s second-biggest crypto asset — is now bigger than the capitalization of Bank of America Corp. (NYSE:BAC).

What Happened: According to CoinMarketCap data, Ethereum’s market capitalization has crossed $366 billion — significantly higher than Bank of America’s market capitalization of $349 billion. The coin reached this valuation after its price increased by over 11% from a 24-hour low of $2,871 to a high of $3,194 before settling at $3,140 as of press time.

Ethereum has been catching up with Bank of America’s capitalization for a few days, and on Sunday it was reported that the cryptocurrency was approaching the financial giant’s valuation after breaching $3,000 for the first time ever and overtaking The Walt Disney Company (NYSE: DIS) and PayPal Technologies Inc. (NASDAQ: PYPL).