Bitcoin Hits Unprecedented USD118,239 in Unyielding Surge
(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.
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