Bitcoin and Ethereum Hit New Record Highs

The two largest cryptocurrencies in terms of market cap hit new milestones on November 8 evening.

According to CoinMarketCap, Bitcoin (BTC) hit a new all-time high of $67,673.74 on November 8. This comes just a few weeks after it reached its previous high of nearly $67,000 before pushing back as much as 12%.

Meanwhile, Ethereum, the second-largest crypto by market cap also hit a new all-time high, rising to around $4,822.36, on CoinMarketCap on November 8 as well. As a result, BTC and ETH surge pushed the crypto market to hit a 3 trillion market cap.

In addition, these two crypto giants remain dominant despite the crypto market bullish. Also, lately, the market has been quite bullish on Bitcoin since it reached the $60,000 level.

Moreover, some crypto traders and investors have predicted even bigger gains for Bitcoin, despite continued criticism of the crypto space by JPMorgan Chase CEO Jamie Dimon, who has called Bitcoin "worthless."