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The two largest cryptocurrencies, Bitcoin and Ether reached new all-time highs today. BTC hit $68.530 and Eth $4837. Both cryptocurrencies gained around 10% in the last 7 days.
At the moment, the total crypto market cap stands at over $2.95 T. Bitcoin dominance index is 43.68%. A bullish trend prevails for cryptocurrencies, with significant gains.
One of the reasons for the surge is considered to be new crypto-related products, such as Bitcoin ETFs entering the market.
Experts from JP Morgan [find](https://bctd.news/posts/jpmorgan-says-btc-surge-is-a-result-of-inflation-concernsBihit $73.000 in 2022 and $146.000 in the long term. However, the Managing Director at the bank, Nikolaos Panigirtzoglou said that the other scenario, where BTC falls below $30.000 is also possible.