Ethereum's market cap falls to the 89th largest global asset

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On February 23, 2026, Ethereum’s price fell below $1,900, bringing its market cap to $225.6 billion. This decline placed it below Siemens at $227.14 billion, ranking it 89th in the digital asset market. According to data from 8 Market, Ethereum now trails several traditional assets. Traders are shifting their focus to altcoins amid the broader market correction.

BlockBeats news, on February 23, according to 8 Market data, as Ethereum fell below $1,900, its market capitalization has dropped to $225.6 billion, below Siemens' market cap of $227.14 billion, placing it at 89th among global mainstream assets.

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