BTC Surges 3.76% as U.S. Spot Bitcoin ETFs Attract $1 Billion in Institutional Inflows

BTCUSDT has experienced a 3.76% increase over the past 24 hours, with the current price at 122,366.20 USDT on Binance. This price movement is largely attributed to strong institutional inflows into U.S. spot Bitcoin ETFs, which saw over $1 billion in net capital for two consecutive days, signaling renewed investor confidence. Additional factors include heightened trading activity around Bitcoin’s 8th anniversary promotions and increased market attention from recent volatility at key support and resistance levels. Despite some bearish pressure and a brief dip, bullish sentiment has prevailed, supported by robust trading volumes and a rising market capitalization, with Bitcoin maintaining its position as the leading cryptocurrency by market cap.