Leading cryptocurrency Bitcoin (BTC) experienced a new surge in the last hour. After briefly falling below $120,000, Bitcoin reached $119,759, rising 0.58% in the last hour.
Rising by 2.21% on a daily basis and 2.59% on a weekly basis, BTC continues to lead the cryptocurrency market with a market value of $2.38 trillion.
Chart showing the rise in BTC price.
Bitcoin’s 24-hour trading volume has surpassed $76.5 billion. The circulating supply stands at 19.89 million BTC, with the total supply approaching its limit each day. The BTC price is currently around 2.5% lower than its all-time high of $123,091, reached on July 14, 2025.
As market volatility increased, a total of $482 million worth of positions were liquidated in the last 24 hours. Of these liquidations, $344 million were long positions and $137 million were short positions.
This recent surge in Bitcoin signals a generally positive momentum in the crypto market, with other major altcoins like Ethereum (ETH) and XRP also trading in the green. ETH saw an hourly increase of 0.33% to $3,713, while XRP was trading at $3.56, up 0.14%.
*This is not investment advice.