The price of Bitcoin has hit a new all-time high of $68,000

Bitcoin and ether both reached fresh all-time highs, extending their upward trend from the previous day. Bitcoin's price jumped beyond $68,000 at one point, surpassing a previous high set in late October, according to Bloomberg. A rise to $68,521 in the world's most valuable digital currency was followed by a decline to $67,106. It has risen more than 2 percent in the past 24 hours as of 10:30 a.m. local time on Monday. According to Coin Metrics statistics, it is currently 3:00 p.m. ET. Ethereum (ETH), the cryptocurrency that runs on the Ethereum blockchain, reached a new high of $4,840 on Tuesday. It has now broken beyond the $4,800 barrier for the first time. The coin has traded at a price of $4,805, representing a 1.3 percent increase in the last 24 hours. They are part of a bigger rise in the cryptocurrency market, which has reached a fresh high of almost $3 trillion in the last few days. Solana and cardano, the so-called "Ethereum killers," have seen their prices rise by 21 percent and 16 percent, respectively, in the last seven days.

Some analysts anticipate that bitcoin and ether will continue to trend upward in the next weeks, despite the fact that it is difficult to link short-term price fluctuations to any specific event — and cryptocurrency price charts are notoriously volatile.

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