BTC Surges 2.71% to $107,842 Amid Ceasefire News and Strengthened Market Stability

Bitcoin (BTCUSDT) has experienced a notable price increase over the past 24 hours, rising 2.71% to $107,842.41 on Binance. This upward movement is primarily attributed to improved global market sentiment following positive geopolitical developments, specifically a ceasefire in the Middle East, which has boosted investor confidence and contributed to a broader crypto market recovery. Additionally, the implementation of risk control measures by Binance to manage token volatility and cross-exchange liquidations has supported market stability.

Currently, Bitcoin maintains a strong market position with a market capitalization of approximately $2.13 trillion and a circulating supply of 19.88 million BTC, representing 62.45% of the total cryptocurrency market. Trading activity remains robust, and the asset continues to show resilience and dominance as traders and analysts express cautious optimism for further gains in the coming months.