As the bears ravage the crypto markets, causing prices of assets to take a sharp downturn, McDonald’s and Walt Disney have overtaken Ethereum in terms of market capitalization.
Ethereum’s Market Cap Falls to $150 Billion
The Binance – FTX drama continues to exert unfathomable bearish pressure on the crypto market, causing Ethereum (ETH), and other altcoins to shed double digits. In the last 24 hours, the price of ETH has fallen by more than 18% as the crash rumbles on.
The 24-hour price chart for Ethereum (ETH). Source: CoinMarketCap
The price of Ethereum has fallen from $1,560 to as low as $1,220. At this time of this writing, the market cap of Ethereum stands at $151 billion, from over $200 billion during the weekend.
McDonald’s and Walt Disney flip Ethereum
The plunge has sent Ethereum spiraling down the market capitalization ranking. In the last 24 hours, Ethereum has dropped 23 positions, falling from 48th to its current position at
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