BTC Surges 2.08% as Institutional Buying and Regulatory Moves Drive $2.28 Trillion Market Cap

In the past 24 hours, BTCUSDT has risen by 2.08%, opening at 112,846.79 and currently trading at 115,188.44 on Binance. This price increase is attributed to a combination of factors, including the launch of the CFTC's Crypto Sprint initiative seeking public feedback on spot crypto trading, continued institutional interest highlighted by Michael Saylor's recent $2.46 billion Bitcoin purchase, and ongoing developments in Bitcoin ETF options by the SEC. Despite recent outflows from U.S. spot Bitcoin ETFs totaling $333 million, strong trading volumes and buyer accumulation near support levels have contributed to the upward movement. Bitcoin's market capitalization stands at approximately $2.28 trillion, with a circulating supply of 19.9 million and active 24-hour trading volumes exceeding 10,000 BTC, reflecting heightened market participation and volatility.