Bitcoin broke a $500 billion market capitalization in late December 2020.
Ether (ETH), the second most-valued cryptocurrency after Bitcoin (BTC), has hit a major milestone amid the ongoing price rally.On May 12, Ether price set another historic record, surging to as high as $4,346, according to data from CoinMarketCap. Ether’s market capitalization briefly surpassed $500 billion, reaching nearly $505 billion on Wednesday.The new milestone marks Ether’s ongoing massive surge after ETH surpassed a $4,000 price mark for the first time in history on May 10. At the time of writing, ETH is trading at $4,317, up more than 6.4% over the past 24 hours and seeing massive gains of about 30% over the past seven days.Ether market cap 24-hour chart. Source: CoinMarketCapFollowing the parabolic surge, Ether is now larger than payment giant Visa or major investment bank JPMorgan in terms of market capitalization. At publishing time, Vis
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