Bitcoin has broken the $119K mark, reaching a new all-time high ahead of Crypto Week . The price of Bitcoin today is $118,897, with a 24-hour trading volume of $22,454,700,848 . This represents a 1.38% price increase in the last 24 hours and a 9.14% price increase in the past 7 days .
The surge of Bitcoin towards $119K comes as Bitcoin ETFs saw strong inflows, with U.S. spot Bitcoin ETFs reaching a record net asset value over $158 billion, boosted by $2.21 billion in inflows over two days, the highest since January 2024 . BlackRock's IBIT led the charge with $448.5 million in inflows .
Analysts note that Bitcoin could resume its uptrend if it holds the $105,000 support . A trader is eyeing a 7-week uptrend . Bitcoin hit new all-time highs on Sunday as BTC price volatility returned into the weekly close . Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $119,444 .
Bitcoin's dominance in the cryptocurrency market remains strong, with its market capitalization surpassing $1 trillion . Growing institutional demand and crypto-friendly policies from the Trump administration have also contributed to the surge .
However, some analysts caution about a potential correction due to low trading volumes . Nevertheless, the general sentiment in the market remains positive, with many seeing Bitcoin becoming exactly what its fans have always wanted, an asset that remains aloof from political machinations .