BTC Surges 2.32% as U.S. Regulatory Moves and ETF Inflows Drive Price Near All-Time High

Bitcoin (BTCUSDT) has experienced a 2.32% price increase over the last 24 hours, with the current price at $111,252.12 on Binance. The recent upward momentum is primarily attributed to renewed investor confidence driven by ongoing regulatory developments in the United States, including upcoming legislative discussions on crypto-related bills and increased institutional participation, highlighted by significant inflows into U.S. spot Bitcoin ETFs and BlackRock’s iShares Bitcoin Trust surpassing 700,000 BTC in assets. Additional support for Bitcoin has come from public endorsements by influential figures and organizations, notably Elon Musk’s advocacy for Bitcoin as an alternative to fiat currency, further boosting sentiment. Trading volume has surged, reflecting heightened market interest, with Bitcoin’s market capitalization reaching approximately $2.21 trillion and the 24-hour trading volume increasing sharply to between $38.81 billion and $60.61 billion, as the asset trades near its all-time high.