BTC Hits New All-Time High Above $118,000 Amid Surging Demand and Record Trading Volumes

Bitcoin (BTCUSDT) has surged by 6.13% in the past 24 hours, with the current price at 117,987.99 USDT on Binance, up from a 24-hour open of 111,170.08 USDT. This sharp price increase is primarily attributed to Bitcoin reaching a new all-time high above $118,000, driven by heightened investor interest amid global economic and geopolitical uncertainties. The ongoing narrative of Bitcoin as a "digital gold" and safe-haven asset, alongside robust institutional participation and strong trading volume, has contributed to renewed bullish sentiment. Additionally, Binance's 8th anniversary campaigns and related trading activities have supported increased market engagement and liquidity. The market remains highly active, with a 24-hour trading volume of $3.97 billion on Binance and Bitcoin maintaining a dominant market capitalization of approximately $2.21 trillion.