Ethereum and Litecoinprices peaked at new highs as public interest in cryptocurrenciescontinues to soar. These digital coinsjoined Bitcoin's surge towards $19,000 in the recent strong trends.

Ethereum hit $623 thisweek. It's up by a massive 384% since the beginning of the year. The uptrend isimpressive, but it's still far from the all-time high of $1500 in January 2018.Ethereum is the world's second-largest cryptocurrency next to Bitcoin. Litecoinalso doubled in value this month alone and peaked today at $90, a fresh 2020high with a 117% YTD gain.

According to analysts,the crypto surges are due mainly to the strengthening status of Bitcoin as aninflation hedge. Bitcoin, the known king of crypto, is up by 160% this year todate. It's trading at $19,285 as of writing and is a thread line away from theall-time high of $19,667 last 2017.

Bitcoin nears all-time high at $19,667, PrimeBit WebTrader

Ethereum holds anapproximate $68 billion in market cap, while Litecoin represents $5.8 billion.Bitcoin's market cap reached $354 billion this week!

According to MichaelSonnenshein, Managing Director at Grayscale Investments and a Bitcoinspecialist, the crypto asset is a major key to the evolution of money."Investors like the fact they can buy a fraction of the coin and add to theirposition over time," he added.

Popular cryptoderivative platforms likePrimeBitmakes it possible for traders to profit from the surging prices of the topcryptocurrencies - Bitcoin, Ethereum, and Litecoin -even without owning them.

Crypto contracts allowtraders and investors to profit both from rising and falling crypto prices, andwith leverage, you won't need a huge sum of money to start trading.

Ethereum surges with 384% YTD gain, PrimeBitWebTrader

Bernard Meyer, aCyberNews.com Senior Researcher, says the pandemic has played a part in theincreased interest in cryptocurrencies. As quarantines are still in place in manyparts of the world, people spend more time online and become aware ofcryptocurrencies.

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Bitcoin over $19,000! Ethereum and Litecoin record fresh 2020 highs - ForexLive