Ethereum Exceeds Bank of America in Market Capitalization

Ethereum’s market value has surged past that of major banking giant, Bank of America, reaching a staggering $327 billion. The cryptocurrency’s price climbed to its highest point since February, surpassing major companies like Nestle, Alibaba, and Coca-Cola. This surge is being fueled by the growing interest from institutional investors, particularly in Ethereum-based spot ETFs which have seen investments exceeding $100 million. Observers predict further growth for Ethereum if it breaks through the $3,000 mark, indicating a strong market outlook. 2 weeks of robust price increases saw Ethereum surpass Bank of America’s valuation by approximately $100 billion. This underscores the growing influence of cryptocurrency in financial markets.