CryptoSlate15 minutes ago

Published on August 01, 2023 04:00 GMT+00:00edited on August 01, 2023 04:04 GMT+00:00

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 …