BTC Surges Above $107K as Institutional Inflows and Trump Media’s $2.5B Investment Drive Momentum

Bitcoin (BTCUSDT) is currently trading at $107,727.04 on Binance, reflecting a 2.05% increase over the past 24 hours from a 24h open of $105,567.24. The price uptick is primarily attributed to continued strong institutional demand, highlighted by ongoing robust inflows into US spot Bitcoin ETFs and a $2.5 billion investment initiative from Trump Media, as well as the SEC's approval of Trump Media’s $2.3 billion Bitcoin Treasury deal and the filing for a Truth Social Bitcoin ETF. These developments have reinforced bullish sentiment and contributed to increased trading volume, with approximately 230,484 BTC traded in the last 24 hours and a total market cap ranging from $2.13 to $2.15 trillion. Bitcoin remains near recent highs, consolidating just below resistance at $107,000–$111,000, while the broader crypto market saw a slight dip in total capitalization but continues to experience elevated activity and liquidity.