Ether sets a new mark at $3,900, surpassing the joint market capitalization of HSBC and American Express.
Ethereum, the second-largest cryptocurrency by market capitalization, has made a significant stride in the financial world. As of July 2025, Ethereum's market cap is estimated to be over $450 billion, according to recent reports [1][2].
This figure is notably larger than the market caps of two major global financial institutions, HSBC and American Express. HSBC's market cap is approximately $133 billion, while American Express's market cap is around $135–140 billion [1].
In comparison, Ethereum's market cap is roughly 3 to 3.5 times larger than either HSBC or American Express, highlighting its significant growth and its stature as not only a major cryptocurrency but also a company-scale market entity rivaling large financial institutions.
This bullish trend for Ethereum can be attributed to several factors. Institutional accumulation from companies like BlackRock, Bit Digital, and Sharplink Gaming has significantly increased Ethereum's market cap [1]. The price of Ethereum is also closing in on its previous All-Time High (ATH) record, which was set at the $4,800 price area during the last bull cycle [1].
According to CoinMarketCap data, Ethereum is well on its way to reclaiming the $4,000 price region [1]. Analysts expect Ethereum to reach trend highs of $4,000 to $4,200 soon [1]. Some even believe the price of Ethereum will go on to hit a much higher cycle top price, that could go between $12,000 and $15,000, or even $20,000 this bull cycle [1].
The price of Ethereum reclaimed the $3,900 price mark after a minor fall over the last week, which was due to Galaxy Digital selling its BTC holdings in bulk [1]. Ethereum is currently trying to break past the $3,800 to reclaim the $4,000 price range [1].
In the near future, analysts predict Ethereum to aim for the $4,200 price range next [1]. Most analysts expect the price of Ethereum to surge significantly to the $8,000 to $10,000 price range with ease [1]. Bullish indicators on the Ethereum price chart signal massive surges soon [1].
| Entity | Market Capitalization (approximate, 2025) | |------------------|------------------------------------------| | Ethereum (ETH) | $450–460 billion | | HSBC | ~$130–135 billion | | American Express | ~$135–140 billion |
These developments underscore the increasing institutional adoption and market importance of cryptocurrencies, particularly Ethereum, in the global financial landscape.
[1] CoinMarketCap. (n.d.). Ethereum Price Live Data. Retrieved July 18, 2025, from https://coinmarketcap.com/currencies/ethereum/
[2] Yahoo Finance. (n.d.). Ethereum Price. Retrieved July 18, 2025, from https://finance.yahoo.com/quote/ETH-USD/history?p=ETH-USD
Cryptocurrency and technology are playing significant roles in finance and investing, as the second-largest cryptocurrency by market capitalization, Ethereum, has surpassed the market caps of two major global financial institutions, HSBC and American Express. Institutional accumulation from companies like BlackRock, Bit Digital, and Sharplink Gaming has contributed to Ethereum's remarkable growth, and some analysts predict the price of Ethereum to reach trend highs between $12,000 and $20,000 this bull cycle.
