BTC Surges 2.15% to $111K as US ETFs Drive $5.69B Inflows and Regulatory Clarity Grows

Bitcoin (BTC/USDT) has experienced a 2.15% price increase over the past 24 hours, trading at $111,290.65 on Binance. This upward movement is primarily attributed to continued institutional demand, particularly from US spot Bitcoin ETFs, which have seen five consecutive weeks of net inflows totaling $5.69 billion. Additional contributing factors include growing regulatory clarity in the United States, with lawmakers set to discuss key digital asset legislation, and increased accumulation by publicly listed companies, reducing available supply on exchanges.

Market activity remains robust, with a 24-hour trading volume of 15,787.55 BTC (approximately 1.73 billion USDT) on Binance and a trading range between $108,324.53 and $111,999.79. Bitcoin's market capitalization stands at approximately $2.21 trillion, supported by a circulating supply of 19.89 million BTC, and the overall sentiment among traders and investors remains bullish.