BTC Surges 3% to $109K as Institutional Optimism and ETF Activity Drive Market Momentum
Bitcoin (BTCUSDT) is currently trading at $109,154.34 on Binance, reflecting a 3.07% increase over the past 24 hours with a 24h open of $105,901.66. The price surge is primarily attributed to renewed institutional optimism, easing geopolitical tensions, and positive regulatory developments, including increased ETF activity and ongoing discussions of a new stablecoin bill in the US. Despite recent net outflows of $56.5 million from Bitcoin investment products, overall market sentiment remains bullish, supported by robust trading volumes and strong participation across major digital assets. Bitcoin maintains its position as the leading cryptocurrency by market capitalization and trading activity, with recent price action nearing all-time highs and the $100,000 level acting as a key psychological support for investors.