Bitcoin has surged beyond the $109,000 mark, reaffirming its bullish momentum and fueling a widespread market rally.
With a 24-hour gain of 3.18%, the world’s largest cryptocurrency now commands a staggering market cap of over $2.17 trillion.
This price milestone reflects not only continued investor confidence but also strong trading activity, with 24-hour volume topping $50.8 billion. Despite a marginal hourly dip of 0.01%, Bitcoin’s 7-day performance remains positive at 1.93%, indicating sustained upward pressure.
The 1-day technical analysis is very bullish – the summary and moving averages show “strong buy” with 17 and 14 signals, respectively, while oscillators remain at “buy” with 3.
Ethereum also joined the rally, climbing 6.14% in the past 24 hours to trade at $2,575.14. It has outperformed Bitcoin over the week, posting a 6.36% gain. Ethereum’s trading volume reached $18.6 billion, backed by over 7 million transactions, suggesting growing demand from retail and institutional players alike.
The total market cap of all cryptocurrencies surged to $3.37 trillion after gaining 3.33% in the past 24 hours.
The recent surge in Bitcoin, Ethereum and most cryptos signals renewed optimism in the market, with broader sentiment turning bullish across major digital assets. As investors continue to seek momentum plays, the current trend could be setting the stage for another leg up in Q3 2025
In the past 24 hours positions worth $115.53 million weer liquidated from the Bitcoin futures market – $23.06 million in longs, and $92.48 million in shorts.)
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-smashes-past-109k-as-crypto-market-turns-green/