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McDonald's surpassed Ethereum with a market capitalization of $219.4 billion and temporarily ranked 67th in the global asset market capitalization rankings. In the ETH has more than retraced the entirety of Sunday's rally, losing 22% of its value over the past 48 hours. An ether (ETH) position worth more than $126 million came On the other hand, Ethereum’s market cap currently stands at $177 million after the recent decline, with McDonald’s flipping it. Despite its unique relationship with 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 Barring the brief “Uptober” pump, the price of Ethereum has been consistently dipping. From a high of $1751 According to data from CoinGlass, 746,711 traders were liquidated, marking one of the most severe wipeouts in crypto history. The largest single liquidation order was Data from Coinglass revealed that more than $11 million worth ETH positions had been wiped out over the past 24-hours. Around 80% of them were long trades [bullish bets]. Ethereum Liquidations

Ethereum Reclaims Top Spot: Valued Higher Than McDonald's Despite $11 Million Liquidations

Ethereum (ETH) has once again proven its resilience, surpassing McDonald's in market capitalization despite recent volatility and significant liquidations. While brief periods have seen McDonald's surpass Ethereum, the cryptocurrency continues to demonstrate long-term staying power.

The cryptocurrency market is known for its fluctuations, and Ethereum is no exception. Recent data reveals a turbulent period with over $11 million in ETH positions liquidated in a 24-hour period. Data from Coinglass revealed that more than $11 million worth ETH positions had been wiped out over the past 24-hours. Around 80% of them were long trades [bullish bets]. Ethereum Liquidations were substantial, impacting a large number of traders.

According to data from CoinGlass, 746,711 traders were liquidated, marking one of the most severe wipeouts in crypto history. The largest single liquidation order was a significant sum, contributing to the overall market downturn. This highlights the inherent risks associated with leveraged trading in the cryptocurrency market.

At one point, McDonald's surpassed Ethereum with a market capitalization of $219.4 billion and temporarily ranked 67th in the global asset market capitalization rankings. In the past, Ethereum’s market cap dropped, with McDonald’s flipping it. 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... However, Ethereum's current market cap has rebounded, currently standing at a healthy level. Despite its unique relationship with the...

The ETH has more than retraced the entirety of Sunday's rally, losing 22% of its value over the past 48 hours. An ether (ETH) position worth more than $126 million came under pressure. Barring the brief “Uptober” pump, the price of Ethereum has been consistently dipping. From a high of $1751, Ethereum faced downward pressure.

Despite these challenges, Ethereum's underlying technology and potential continue to attract investors. While market corrections and liquidations are a part of the crypto landscape, Ethereum's overall trajectory remains positive. This is a good sign for the future.

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