US EditionEthereum Market Cap Hits $306.68B, Surpasses Alibaba as Abraxas Capital Buys $500M ETH Amid Price Rally
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Ethereum Market Cap Hits $306.68B, Surpasses Alibaba as Abraxas Capital Buys $500M ETH Amid Price Rally
Ethereum's market capitalization has surpassed that of Alibaba, with Ethereum valued at approximately $306.68 billion compared to Alibaba's $303.72 billion. This milestone marks a decentralized network overtaking one of China's largest technology companies in market value. Concurrently, Ethereum's market cap has also exceeded that of Coca-Cola. The surge in Ethereum's valuation has been accompanied by substantial buying activity from Abraxas Cap…
Ethereum overtakes Alibaba in market cap
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalisation, has overtaken Chinese e-commerce giant Alibaba Group Holding Limited (BABA) to become the 32nd most valuable asset or company globally. Ethereum’s market cap currently stands at $306.68 billion, narrowly surpassing Alibaba’s $303.72 billion, according to various market data sources. This development, part of an ongoing crypto bull run, follows Bitcoin’s recent ov…
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