Nestlé overtakes Bitcoin: Ethereum's valuation less than Nike, Walt Disney
It has been a fortnight since the global crypto market cap traded above the $1 trillion mark. At the beginning of the month, as crypt prices recovered, the aggregate valuation found solace around the said threshold. Right after that, however, it noted a freefall of more than $200 billion. Owing to the futile stabilization attempts, the same stood at merely $756 billion at press time on Monday. Total Crypto Market Cap | Source: TradingView Bitcoin, Ethereum price On the price front, both Bitcoin and Ethereum have been replicating each other’s prices. Both the top assets slipped below their moving averages recently and have been trading in red of late. Alongside, both markets were also characterized by a lack of buying momentum. The same was confirmed by the undernourished reading of the Relative Strength Index indicator. After noting a daily decline of 4.4% and 11.32% over the past 24 hours, Bitcoin and Ethereum were seen exchanging hands at $16052 and $1121 at press time res...