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%.

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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.

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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).