Overview

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The price of ETH fell below $1500, drowning the market cap below McDonald’s. A user posted a tweet showing McDonald’s surpassing Ethereum on the market The market conditions have yet again become choppy On one hand the FTX-Binance saga has not been showing any signs of cooling down On the other bears have What Happened: McDonald's market cap was at $203.36 billion as of Monday’s close, according to Benzinga Pro data. Ethereum's market cap was worth $180.28 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. As the bears ravage the crypto markets, causing prices of assets to take a sharp downturn, McDonald's and Walt Disney have overtaken Ethereum. McDonald’s Corp (NYSE:MCD) has flipped Ethereum (CRYPTO: ETH) in terms of market capitalization, a fact that drew amusement from Binance CEO Changpeng McDonald’s is estimated to have a total market capitalization of around $200 billion. On the other hand, Ethereum’s market cap currently stands at $177 million after the With another plunge below $1,500, Ethereum's market capitalization has once again dropped below McDonald's. The world's most popular fast-food chain has always held a Now, a multi-day sell-off has seen over $620 billion evaporate from Bitcoin’s market cap and another $1 trillion from crypto globallyabout $130 billion of that in the last 24

McDonald's & Walt Disney Flip Ethereum as Market Cap Plummets Below $200B

The crypto market is facing turbulent times as a multi-day sell-off has seen significant capital evaporate. Ethereum (ETH) has been particularly affected, with its market capitalization slipping below $200 billion. This downturn has led to some surprising comparisons, with companies like McDonald's and Walt Disney now boasting larger market caps than Ethereum.

McDonald's Surpasses Ethereum: News outlets are reporting that McDonald’s Corp (NYSE:MCD) has officially flipped Ethereum (CRYPTO: ETH) in terms of market capitalization. The price of ETH fell below $1500, causing its market cap to dip below McDonald’s. A user even posted a tweet highlighting McDonald’s surpassing Ethereum, a sentiment echoed by Binance CEO Changpeng Zhao.

Current Market Cap Comparison: McDonald's market cap was recently estimated at around $203.36 billion, while Ethereum's market cap hovered around $177 million (although clearly this should be interpreted as $177 billion) after another plunge below $1,500. Ethereum's market cap currently stands at $177 million after the.

Walt Disney Also Overtakes Ethereum: As the bears continue to ravage the crypto markets, leading to sharp price declines for many assets, McDonald's and Walt Disney have overtaken Ethereum in market capitalization. This signifies the severity of the current market conditions.

What's Driving the Downturn? The market conditions have become choppy. The FTX-Binance saga continues to cast a shadow, and bears seem to be dominating trading activity. Over $620 billion has evaporated from Bitcoin’s market cap and another $1 trillion from crypto globally, with about $130 billion of that loss occurring in the last 24 hours.

Ethereum's Volatility: With another plunge below $1,500, Ethereum's market capitalization has once again dropped below McDonald's. The world's most popular fast-food chain has always held a... but this time, the comparison highlights the drastic shift in market dynamics.

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