Ethereum Drops Out of Top 100 Global Assets, Ranks 104th After Market Sell-Off

ETH-3.48%
BTC-3.29%
According to InfiniteMarketCap data, Ethereum dropped out of the world's top 100 assets by market capitalization today, ranking 104th with a market cap of approximately $211 billion. The decline followed a market sell-off triggered by Strategy's Bitcoin sale on Monday, which caused BTC to plunge from above $70,000 to $61,000. Bitcoin also fell to 16th place in the global asset ranking, overtaken by the Vanguard S&P 500 ETF (VOO). Amid the market weakness, Bitmine President Tom Lee shared a long-term price target of $250,000 for Ethereum, citing tokenization and artificial intelligence as key drivers for the network's future value.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments