Bitcoin, Ethereum Hit New All-Time Highs

The world’s two largest cryptocurrencies by market capitalization — Bitcoin (BTC) and Ethereum (ETH) hit new all-time highs on Tuesday morning, as per market data provider CoinMarketCap.

Bitcoin reached a new all-time high of $62,659.54 and ETH of $2,201.04.

The surge comes amid the onset of the so-called “alt-season” where other minor cryptocurrencies outperform Bitcoin. The apex cryptocurrency's dominance of the cryptocurrency market is at a two-year record low, standing at 54.8%, as per CMC data. Ethereum's dominance stands at 11.9%.

Dig Deeper: What's Happening With Chilliz, Uniswap, Dogecoin, Stacks, XRP, Nexo Cryptocurrencies Today?

Bitcoin’s market capitalization at press time stands at $1.17 trillion, while that of the entire cryptocurrency market is at $2.13 trillion.

The mega-cap cryptocurrencies hitting new all-time highs come a day ahead of Coinbase’s direct listing on Wednesday.

See Also: How to Buy Coinbase IPO (COIN) Stock

Among recent news, cryptocurrency exchange desk Binance said it was introducing tokenized stocks, starting with Tesla Inc. TSLA.

Tesla CEO Elon Musk this weekend also gave a 20% boost to Dogecoin (DOGE).

Visit Benzinga's Crypto Homepage - 1,000,000+ depend on Benzinga Crypto every month

Posted In: BitcoinEthereumCryptocurrencyMarketsMoversTrading Ideas