BTC Hits New All-Time High Above $118,000 as Institutional Inflows and ETF Activity Surge

Bitcoin (BTCUSDT) has experienced a notable price increase of 3.49% over the past 24 hours, with the current price on Binance at $117,476.57. This upward movement is primarily attributed to strong institutional inflows, heightened activity in spot Bitcoin ETFs, and significant corporate purchases, alongside supportive pro-crypto legislation such as the GENIUS Act. These factors have contributed to bullish market sentiment, further reinforced by Bitcoin’s perceived role as a safe-haven asset amid global economic uncertainty. The surge has resulted in substantial derivatives market liquidations, particularly of short positions, and has pushed Bitcoin to a new all-time high above $118,000. Trading activity remains robust, with Binance reporting a 24-hour volume of approximately 36,511 BTC (4.26 billion USDT), and Bitcoin continues to dominate the market with a capitalization of $2.16 trillion and a market share of 63.88%.