Markets
Ethereum Market Capitalization Surpasses Mastercard
Ethereum’s market capitalization of $440 billion has surpassed that of Mastercard ($427 billion), making it the second-largest cryptocurrency. This increase comes amid increased speculation about the SEC’s approval of Ethereum exchange-traded funds (ETFs). Bloomberg analysts raised the odds of approval to 75%, raising the possibility of changes in the SEC’s stance. If Ethereum ETFs are approved, they could witness immediate adoption, which in turn would increase the value of Ethereum. In the last 24 hours, the price of Ethereum is up 16.2%, while Bitcoin is up 6%. However, Ethereum remains 25.4% below its all-time high of $4,878.