Ethereum edges into top 50 global assets while Bitcoin climbs to 12th largest asset worldwide by market cap

2023-8-1 07:00

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 character of the market as it establishes its position alongside traditional assets like precious metals.

Investors and market watchers alike will likely continue to closely monitor the progress of both Bitcoin and Ethereum as they challenge conventional asset classes and potentially reshape the hierarchy of global market capitalizations.

Ethereum: (companiesmarketcap.com)

The post Ethereum edges into top 50 global assets while Bitcoin climbs to 12th largest asset worldwide by market cap appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Global Currency Reserve (GCR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.569
Капитализация $0 Rank 99999
Цена в час новости $ 0.0005018 (-100%)

global assets billion ethereum market past pushes

Источник: cryptoslate.com

global assets → Результатов: 126


Gate.io Proof-of-Reserves Audit Shows User Asset Reserves Exceed 100%

Majuro, Marshall Islands, 9th November, 2022, Chainwire The global cryptocurrency exchange Gate. io has proven that it holds 108% of total user BTC assets in its reserves, according to the independent third-party firm Armanino LLP, which released the findings in a report following the completion of a proof-of-reserves assessment.

2022-11-9 10:01


Oryen Network, SOL, and AVAX Not Concerned About EU Parliament Voting in Favor of Crypto Tax

The European Union (EU) recently announced new legislation that will continue to regulate the crypto industry within its borders. While many argue that decentralized digital assets should be free from intervention, this news shows that power-makers are starting to take crypto seriously and that it has a considerable future in global finance.

2022-10-8 21:00


Фото:

Is Crypto The Answer to Financial Inclusion in Developing Economies?

The rise of cryptocurrencies has been meteoric. In the past decade, we’ve seen Bitcoin and other digital assets go from being a niche interest to a global phenomenon. But what does this mean for developing economies?  Ways crypto can help financial inclusion In many ways, crypto is the perfect tool for financial inclusion. For starters, […]

2022-10-5 13:56


Фото:

Over 50% Of All BTC Trade Volumes On Exchanges Are Fake – Forbes

Bitcoin dominates the digital assets markets, being the firstborn crypto and the most publicised. It accounts for over 40% of the global cryptocurrency market capitalisation. While Bitcoin trade volumes are expected to outpace those of other cryptocurrencies considerably, recent data shows these values might have been blown out of proportion. Global daily BTC trade volume […]

2022-8-30 20:59


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Refusing new IRS crypto tax forms could cost you your exchange account

Log in to Coinbase next tax season, and your tax documents might no longer arrive by mail. Under a new IRS proposal, crypto exchanges could be required to file Form 1099-DA electronically. This form reports digital asset trades, and could refuse to do business with customers who decline to provide it.

New IRS crypto tax form shows what you sold for (not what you paid) and one-click filing could make you overpay

At 7:12 a.m. on a random Tuesday in February, an email lands with a subject line that looks harmless enough: “Your tax forms are ready.” For Maya, a part-time designer who bought a little Bitcoin during the 2021 hype, then sold small chunks across a couple of apps when life got expensive, it feels like […] The post New IRS crypto tax form shows what you sold for (not what you paid) and one-click filing could make you overpay appeared first on CryptoSlate.

Arizona Introduces Bill To Exempt Bitcoin and Crypto From Property Taxes 

Bitcoin Magazine Arizona Introduces Bill To Exempt Bitcoin and Crypto From Property Taxes  Arizona state Senator Wendy Rogers has introduced legislation and a constitutional amendment to exempt virtual currency from property taxes and protect blockchain node operators from local taxation, positioning the state as more crypto-friendly.

IRS grants temporary relief on crypto tax reporting rules amid legal challenges

The Internal Revenue Service (IRS) issued temporary relief on crypto cost-basis reporting rules, potentially averting increased tax liabilities for digital asset investors. The decision reflects the agency’s recognition of the complexities in crypto taxation and the need for regulatory adaptability in response to evolving markets.