Bitcoin hit a new all-time high Wednesday, breaking the previous milestone from July—and an Ethereum record may not be far behind.

Bitcoin and Ether are both trading within a whisker of all-time highs as investors pile into the two largest cryptocurrencies, with a recent wave of demand favoring the latter.

On Wednesday, the S&P 500 and Nasdaq also scaled new records. For the week, bitcoin is on pace for a 2% gain, while ether has rallied more than 13%. Ether flipped bitcoin as the crypto market leader in June,