An image cut representing Bitcoin.

As the Bitcoin price hits a record high, nearing $120,000, other virtual assets are also witnessing a surge.

According to global virtual asset market monitoring site CoinMarketCap, as of 8 a.m. on the 14th, the Bitcoin price recorded $118,534, up 0.97% from 24 hours earlier. The Bitcoin price soared to around $119,000 at about 5:30 a.m., setting a new all-time high.

Ethereum, ranked second in market capitalization, is trading at $2,957, up 0.81% from 24 hours ago. Solana follows with a 0.45% increase to $160, while Ripple is recording a 3.49% rise to $2.82.

The prices of Stellar, ranked 12th, and Hedera, ranked 16th, have skyrocketed. Stellar is trading at 47 cents, up 19%, while Hedera is at 23 cents, up 18.98%. The price of Stellar has increased by 88.68% compared to a week ago.

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