BTC Surges 2.18% as $2.2B ETF Inflows and Institutional Investments Drive Market Momentum

Bitcoin (BTCUSDT) experienced a 2.18% price increase over the past 24 hours, with the current price on Binance at 109,993.99 USDT, opening at 107,650.00 USDT. The price change is primarily attributed to renewed institutional inflows, as evidenced by $2.2 billion entering Bitcoin ETFs last week and continued investments from major entities such as BlackRock, Fidelity, and Grayscale. Additionally, positive market sentiment has been supported by a broader crypto market rebound, favorable macroeconomic signals, and recent regulatory developments, including proposed crypto tax legislation. Trading activity remains robust, with Binance reporting a 24-hour volume of 17,107.74 BTC, and Bitcoin's market capitalization standing at approximately $2.12 trillion, reflecting sustained interest and volatility in the market.