Cryptocurrency prices rise, with Bitcoin surpassing $117,000

Cryptocurrency prices rose during Friday trading, driven by institutional demand, exchange-traded fund inflows, and regulatory support in the United States.

Bitcoin rose 4% to $117,961.20 at 1:37:08 AM Mecca time, its highest level ever, and accounted for approximately 63.8% of the total cryptocurrency market value.

While Ethereum, the second-largest cryptocurrency by market capitalization, rose 6.85% to $3,008.44, Ripple rose 3.25% to trade at $2.5851.

The global cryptocurrency market capitalization stands at $3.65 trillion, with total trading volume over the past 24 hours reaching $210.2 billion, according to CoinMarketCap data.

According to data from El Salvador's Bitcoin Office, the country has purchased an additional 8 cryptocurrencies in the past seven days, bringing its total holdings to 6,234.18 Bitcoin, worth over $734 million