Ethereum surpasses $385.9 billion in market capitalization, surpassing Bank of America's

The price of Ethereum (ETH), the second largest cryptocurrency by market capitalization after Bitcoin, hit its highest level since August, and Bank of America
As of 11:05 a.m. on the 11th, the price of Ethereum on the cryptocurrency market site CoinMarketCap was up 2.89% from 24 hours ago and up 7 days ago.
At the same time, Ethereum's market capitalization rose 2.66% to $385.9 billion (about 59 trillion yen) in the past 24 hours.
This is about $40 billion higher than the market capitalization of Bank of America, the second largest holding company in the United States.
Cointelegraph reports that Ethereum’s high valuation is a result of the traditional adoption and growth of blockchain technology.
"The SEC has announced that it will begin trading ETH as a stock exchange in the near future," he said.
This coincides with investors exploring options related to cryptocurrency exchange-traded funds (ETFs), suggesting the popularity of decentralized finance (DeFi) and crypto assets is on the rise.