Crypto Market Surges Past $300 Billion, Sights Set on JPMorgan Chase

The rise of the digital currency market is continuing its upward trajectory, with the combined market value setting a new record of over $300 billion during trading Monday.

Figures from CoinMarketCap show that the total value reached $305.3 billion at 07:47 UTC on the 27th November.

As a result of this rise in value, the combined market cap is now more valuable than Visa ($255 billion), Wells Fargo ($267 billion) and the Bank of America ($279 billion), according to Google Finance.

The combined market rise comes at a time when the value of digital currencies are experiencing a surge in price. Bitcoin saw its value pass $9,700, at $9,790, for the first time, pushing its market cap value up to $163.5 billion, during Monday morning trading. Second-place ethereum, which has been flirting with the $300 mark for some time, saw its price rise to within touching distance of $500 for the first time, at $493.

With unprecedented heights being reached, can the combined cryptocurrency market surpass that of JPMorgan Chase, currently valued at $343 billion? […]

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