The market cap of Ethereum has surpassed $500 billion for the first time in history at 3:46 a.m. UTC, which is a major milestone for the leading altcoin.
Advertisement
Ether reached a new all-time high of $4,351 at 3:55 a.m. UTC, which propelled the cryptocurrency's market cap to a local peak of $504 billion.
It is currently worth more than the financial services giant Visa that started piloting transaction settlements in the USD Coin (USDC) stablecoin on the Ethereum blockchain last month.
Mon, 05/10/2021 - 19:03
Peter Schiff Predicts That Ethereum May Flip Bitcoin
Strategy's Saylor Hints at Fresh Bitcoin Buy Amid Investor Ridicule
Shiba Inu Buyers Step In, Peter Brandt Reveals Bitcoin Price Rebound Target, Ripple Exec Confirms XRP as Priority — Top Weekly Crypto News
Morning Crypto Report: XRP in -77% Breakdown Danger, Massive 100,000 ETH Binance Dump by Satoshi-Era Bitcoin Whale, Cardano's Forgotten +25% February Wins
Leaked Email to Epstein Framed XRP Supporters as Enemy, Ex-Ripple CTO Says
Bitcoin's dominance continues to plunge
The renewed Ether rally continues to crush Bitcoin's dominance. The king's market share has now plunged to just 44 percent from nearly 74 percent in early January.
Advertisement
Bitcoin is trading at $57,771 on the Bitstamp exchange at press time.
Alex Dovbnya
Denys Serhiichuk
Tomiwabold Olajide