BTC Surges 3.83% to $122K as Institutional Inflows and Crypto Week Drive Record Volumes

Bitcoin (BTCUSDT) has experienced a 3.83% price increase over the past 24 hours, with the current price at $122,350.29 on Binance, opening at $117,832.65. The recent price surge can be attributed to record institutional inflows into U.S. spot Bitcoin ETFs, which saw over $1 billion in net inflows for two consecutive days, signaling strong institutional demand. Additional contributing factors include heightened market activity ahead of the U.S. House of Representatives' upcoming votes on major crypto-related bills during 'Crypto Week,' as well as increased trading volumes and positive technical signals. Bitcoin's 24-hour trading volume reached $38.04 billion, and its market capitalization stands at approximately $2.406 trillion, maintaining its position as the leading cryptocurrency amid ongoing volatility and significant investor interest.