BTC Surges 3.79% to New Highs Above $110K as Investor Confidence and Institutional Activity Rise

Bitcoin (BTCUSDT) experienced a 3.79% price increase over the last 24 hours, with the current price on Binance at $109,424.06, up from a 24h open of $105,433.14. This upward movement is primarily attributed to renewed investor confidence following receding tariff concerns and strong institutional activity, as well as the achievement of a significant psychological milestone with BTC surpassing $110,000. The latest Binance proof of reserves snapshot on June 1 indicated a robust user BTC net balance and a BTC ratio of 102.13%, reflecting continued trust in major trading platforms. Market sentiment remains neutral despite Bitcoin reaching new all-time highs, and while the broader crypto market shows mixed performance, Bitcoin maintains its dominant position with a market capitalization above $2 trillion and sustained momentum over the past week.