BTC Surges 2% to $107K as ETF Inflows and Volatility Drive Record Trading Volumes

Bitcoin (BTCUSDT) has experienced a 2.04% price increase over the past 24 hours, with the current price at $107,617.69 (Binance data), opening at $105,469.46. This upward movement is primarily attributed to continued strong demand from U.S. spot Bitcoin ETFs, which have seen significant inflows from both institutional and retail investors, as well as sustained global interest in crypto exchange-traded products. Technical indicators, such as narrowing Bollinger Bands, suggest heightened volatility, while macroeconomic factors—including anticipation of U.S. inflation data and political developments—have contributed to recent price swings. Bitcoin’s market remains highly liquid, with 24-hour trading volume exceeding 266,000 BTC, a market capitalization above $2.14 trillion, and the price trading within a $4,000 range, reflecting robust activity and ongoing investor confidence.