Why is Bitcoin price up today? The hidden fuel behind BTC’s $109k breakout $BTC
Bitcoin is pressing toward $110K, gaining nearly 3% in 24 hours, as macro catalysts stack up. A rare mix of high-volume flows, geopolitical headlines, and ETF tailwinds are pushing traders to front-run what could be a messy but momentous July.
On July 2nd, Bitcoin added nearly $2,900 to its price, surging from $106,300 to just over $109,700 before paring some gains to trade at $109,600 at the time of writing, according to crypto.news data.
That move, backed by a sharp jump in trading activity to $52.6 billion, places the original crypto less than 3% shy of its May all-time high of $111,970. The volume spike signals that buyers aren’t just testing the waters, they’re committing capital in size, with Bitcoin accounting for nearly 45% of total crypto market trading activity on Wednesday.