The major cryptocurrency Bitcoin (BTC) has experienced a new surge in the past hour. After temporarily falling below $120,000, Bitcoin hit $119,759, up 0.58% in the past hour.
BTC continues to lead the cryptocurrency market with a market value of $2.38 trillion, up 2.21% every day and 2.59% weekly.
A chart showing the rise in BTC prices.
Bitcoin’s 24-hour trading volume exceeds $76.5 billion. The circulation supply is 19.89 million BTC, and total supply is approaching its limit every day. BTC prices are currently about 2.5% lower than the all-time high of $123,091, which reached July 14, 2025.
As market volatility increases, positions worth a total of $482 million have been settled over the past 24 hours. Of these liquidations, $344 million was the longest position and $137 million was the shortest.
This recent Bitcoin surge has generally shown positive momentum in the crypto market, with other major altcoins such as Ethereum (ETH) and XRP also trading on the green. ETH increased by 0.33% per hour by $3,713, while XRP was trading at $3.56, an increase of 0.14%.
*This is not investment advice.
