BTC Surges 2.83% as Institutional Moves and ETF Approvals Drive $1.57B Trading Volume

Bitcoin (BTCUSDT) experienced a 2.83% price increase over the past 24 hours, rising from a 24h open of 106,209.56 to a current price of 109,211.41 USDT on Binance. This upward movement is attributed to several key factors: the U.S. SEC’s approval of Grayscale’s Digital Large Cap Fund ETF, which includes Bitcoin, has reinforced institutional confidence; DDC Enterprise’s $528 million capital raise to expand its Bitcoin treasury highlights ongoing corporate adoption; and strong investor demand is evident from Blackrock’s iShares Bitcoin Trust ETF generating significant fee income. Additionally, rising share prices of crypto-related companies and discussions around U.S. regulatory initiatives have contributed to positive market sentiment.

Bitcoin’s trading volume remains high, with over 14,600 BTC (approximately $1.57 billion USDT) traded in the last 24 hours on major exchanges, and a live market capitalization of roughly $2.136 trillion. The price has fluctuated between a low of 105,100.19 and a high of 109,730.00 USDT, reflecting ongoing volatility as the market responds to institutional developments and key technical levels.