Ethereum Surpasses Netflix in Market Cap, Approaches 2021 All-Time High Amid Positive Market Trends
Main Idea
Ethereum's market capitalization has risen to $565.2 billion, surpassing Netflix and Mastercard, and is nearing its 2021 all-time high, driven by improved investor sentiment and record inflows into Ethereum ETFs.
Key Points
1. Ethereum's market cap is now $565.2 billion, making it the 22nd largest asset globally.
2. Ethereum has surpassed Netflix and Mastercard in market capitalization and is only 3.7% below its all-time high of $4,878.
3. Improved U.S. CPI data and potential Federal Reserve interest rate cuts have boosted investor sentiment.
4. Record inflows into Ethereum ETFs have contributed to the surge in Ethereum's price.
Description
Ethereum’s market capitalization has surged to $565.2 billion, overtaking Netflix and Mastercard, and is now only 3.7% below its all-time high of $4,878 from November 2021. Ethereum is now the
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