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Bitcoin just shattered a new all-time high as Ethereum knocks on the door of its 2021 record price.
At time of publishing, BTC is priced at $123,480, up 3% in the last 24 hours and just above the previous record of $122,838 set in mid-July.
Meanwhile, Ethereum is at $4,768, just below its all-time high of $4,771 set nearly four years ago on November 10th, 2021.
Crypto analyst Benjamin Cowen tells his 900,000 followers on YouTube that he’s expecting an imminent ETH all-time high, with a pullback on the horizon.
“I think the strength that Ethereum is exhibiting right now in the short term will last about two more weeks. And then I think there will be a pullback in September before hopefully another move up.”
If past is prologue, Cowen says the next bear market will arrive in 2026.
Both Bitcoin and Ethereum are riding the hype of crypto treasury company euphoria.
Over 100 public companies have now popped up holding BTC in their treasuries.
Meanwhile, the Ethereum-focused treasury company BitMine Immersion Technologies (BMNR) just announced a $20 billion raise to significantly expand its ether holdings as its primary reserve asset.
The stock is now up 48% in the last five days.
