It’s a sea of green today as the Good Ship Cryptocurrency sails on the crest of a wave of all-time highs. It’s Cheech and Chong time for the crypto markets. The fuse has been lit and we are at the show. Where will it go? Nobody knows. With Coinbase’s direct listing on Nasdaq kicking off today, almost every coin under the sun is bathing in the warm glow of the notorious ‘Coinbase effect’ – the price bump a coin experiences when it first gets added to the leading US exchange. Bitcoin is back in uncharted territory, soaring to almost $65,000 this morning. It’s now been trading hands at more than $60,000 for four days in a row and looks to be establishing that level as support. It’s up more than six per cent over the last 24 hours and 11 per cent in the last week. Is there still more to come from the leading cryptocurrency? There are gains across the board today, though. Bitcoin’s market dominance has actually slipped to 54% despite its recent rise as other coins also show strength, with the total cryptocurrency market capitalisation now sitting above $2.2 trillion. The second-largest cryptocurrency, Ethereum (ETH) has also set a new all-time high of almost $2,400. Can it hit $2,500 today, having only just established itself over the important psychological level of $2,000 at the weekend? It’s now the 36th largest asset in the world, outstripping the likes of Netflix and Adobe. It wasn’t even in the top 100 at the turn of the year. Perhaps an even bigger question for Ethereum at the moment though is whether it can hold that second spot. Binance’s BNB and XRP continue to see massive gains, rising to $600 and $2 respectively. Even Cardano (ADA) has come storming back into the mix after a quiet couple of months, up 20% over the last 24 hours and currently changing hands at an all-time high of $1.53. Are they now truly ready to give ETH a real run for its money? Nick Note: Its a rare trade for us where we buy into a rally. The reason is not everyone has bought in yet. When they do our intent is to sell them some. This is not a simple Getty up and go trade. I need to see plenty of cash on the sides lines and a LOT of skepticism which i do see. This coinbase IPO along with some screaming erasings for the banks tells me to let our bet ride…. for now!