BTC Surges 2.23% to $111K as US Regulatory Talks and ETF Demand Drive Record Volume

Bitcoin (BTC/USDT) has risen by 2.23% over the past 24 hours, with the current price at $111,217.03 and a 24-hour opening price of $108,791.83 on Binance. The recent price increase is primarily attributed to growing optimism around potential regulatory clarity in the United States, as lawmakers prepare to discuss key crypto-related bills such as the GENIUS stablecoin bill and the CLARITY bill. Additional upward pressure has come from increased accumulation by Bitcoin ETFs and publicly listed companies, which has reduced available market supply. A significant rise in trading volume, up over 71% in the last 24 hours, reflects renewed buying interest and heightened market activity. Bitcoin remains the largest cryptocurrency by market capitalization, currently valued at approximately $2.21 trillion, with a circulating supply of about 19.89 million BTC.