BTC Surges 2.59% as Geopolitical Relief, ETF Inflows, and Mining Growth Drive Market Resilience

Bitcoin is currently trading at $109,707.36 with a 24-hour price increase of 2.59% and opened at $106,937.48, while trading volumes have seen a slight decline of about 3.2%. The recent price movement is primarily attributed to eased geopolitical tensions following the U.S. administration’s delay of proposed tariffs on European Union goods, which provided relief to global markets and supported risk assets, including Bitcoin. Additional factors influencing the price include strong institutional demand, continued inflows into spot Bitcoin ETFs, the recent post-halving supply reduction, and optimism around regulatory clarity. Market activity has also been shaped by large leveraged positions and profit-taking, as well as increased mining capacity in Pakistan, all contributing to the current volatility and resilience in Bitcoin’s market performance.