Bitcoin, Ethereum Hit All-Time Highs

The price of bitcoin has reached a new all-time high of over $67, 700.

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The price of bitcoin has reached a new all-time high of over $67, 700.

At the same time, the price of Ethereum has similarly hit a new all-time high at over $4, 800 for the first time.

The new highs have seen the rest of the crypto tokens turn green with an overall global market cap now standing at $3 trillion.

The rally seems to be influenced by a key United States inflation report. Economists anticipate the inflation consumer price index to rise, the highest it has been since 1990.

The bullrun has seen bitcoin flip Facebook and Tesla valuations with bitcoin market valuation now at over $1.2 trillion, making it the 6th most valuable asset by market cap.

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