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Bitcoin, Ethereum Touch Fresh All-time Highs

bitcoin nov09 lt

Cryptocurrencies continued their bullish momentum with market leader Bitcoin (BTC) touching a fresh high of $68,530.34 late on Monday. Rival Ethereum (ETH) too has touched a fresh all-time-high of $4,837.59, in the wee hours of Tuesday.

Bitcoin is currently trading at $67,969.58, down less than a percent from the peak. It has gained more than 10 percent in the past week. With the rally, the psychological $70,000 level for bitcoin is less than 3 percent away.

The previous all-time-high was touch on October 20. Bitcoin's market capitalization of $1.28 trillion is currently in the 8th rank among market capitalization of all assets globally as per companiesmarketcap.com. Gold, Silver and five top companies alone are ahead of Bitcoin.

With the recent surge, Bitcoin has overtaken both Tesla and Facebook in market capitalization. Silver is just around 7 percent away in terms of market capitalization.

Ethereum is currently trading at $4,813.56, down just less than a percent from the peak and is now trading more than ten percent higher than previous week's levels.

Ethereum's market capitalization of $569 billion is currently ranked 15th among market capitalization of all assets globally as per companiesmarketcap.com. Gold, Silver, Bitcoin and eleven top companies alone are ahead of Ethereum.

Crypto coin Avalanche (AVAX), ranked 13th in market capitalization too touched an all-time-high of $96.91 on Monday.

Crypto token Wrapped Bitcoin (WBTC), ranked 17th in market capitalization also touched a fresh all-time high of $68,453.63.

Market capitalization of all crypto assets including coins, stablecoins and tokens increased to $2.94 trillion from $2.87 trillion on November 8.

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