Bitcoin Hits Unprecedented USD118,239 in Unyielding Surge

2025-07-12 02:55:15

(MENAFN) Bitcoin's meteoric surge continued early Friday, breaking past its previous record to reach an unprecedented $118,239 by 0610 GMT.

The cryptocurrency has been on a tear for the past two days, swiftly climbing from $113,000 to $115,000 and now shattering its previous all-time high.

By 0700 GMT, Bitcoin's price settled at approximately $117,820, marking an impressive 5.8% increase within just hours.

According to Coinmarketcap, which tracks global cryptocurrency data, the total market value, including Bitcoin, saw a surge of 5.92% in just 24 hours, climbing to a staggering $3.67 trillion.

Bitcoin, the largest cryptocurrency by market capitalization, has seen a remarkable 26% increase in value since the start of the year.

Meanwhile, Ethereum, the second-largest cryptocurrency, also witnessed a significant boost, gaining 7% to reach $2,993.

MENAFN12072025000045017169ID1109791226

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.