BTC Surges 2.67% as Institutional Buying and Record ETF Inflows Drive Market Momentum

Bitcoin (BTCUSDT) experienced a 2.67% price increase over the last 24 hours, with the current price at 119,597.79 USDT on Binance. The recent price movement is attributed to continued institutional accumulation, including purchases by companies such as MicroStrategy and Sequans Communications, as well as significant inflows into spot Bitcoin ETFs, which set new records with over a billion dollars in capital for two consecutive days. However, the market also saw volatility and a brief pullback below the $120,000 level, influenced by profit-taking, declining ETF inflows, and anticipation of US CPI data. Trading volume remains high, with Binance reporting 17,416.44 BTC traded in the past 24 hours, and Bitcoin maintains a dominant market capitalization of approximately $2.34 to $2.37 trillion, representing about 65% of the total crypto market.