Coinbase halts ether and litecoin trading as cryptocurrency market approaches $500 billion

• Coinbase, the popular cryptocurrency trading platform, blocked users Tuesday from buying red-hot litecoin and ether .

• Investors poured into the two red-hot digital currencies Tuesday morning, pushing them both to new heights.

• Litecoin hit a record of $312 on Tuesday, while ether soared over to more than $600 for the first time.

• The cryptocurrency market is gunning for $500 billion.

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Cryptomania has propelled two lesser-known cryptocurrencies to record highs Tuesday, forcing one exchange to halt trading.

Coinbase on Tuesday halted trading of red-hot litecoin and ether , according to tweets by cryptocurrency watcher CoinDesk. The publication tweeted a photo showing Coinbase "temporarily disabled" trades of the two digital coins on its platform.

Both litecoin and ether hit all-time highs Tuesday morning.

Ether hit $600 a token, while litecoin gained more than 40% to $312.

Across the market for digital coins, new investors are pouring in. The ten largest cryptocurrencies were all trading in the green Tuesday, according to data providerCoinMarketCap .

At the time of print, the entire market stood at nearly half a trillion.

Cryptocurrencies volumes approached record highs above $35 billion.

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