BTC Jumps 2.57% as Spot ETF Approval, Trump Comments, and Low Exchange Supply Drive Surge

Bitcoin (BTCUSDT) saw a 2.57% price increase over the last 24 hours, rising from 106,521.99 to 109,256.21, with trading volume surging by over 42%. The price movement is attributed to several factors: the U.S. SEC's approval of the Grayscale Digital Large Cap Fund's conversion to a spot ETF including BTC and other major cryptocurrencies, former President Trump's supportive comments on crypto, and ongoing economic and political uncertainty. Additionally, Bitcoin ETFs experienced a net outflow of $342.2 million after 15 days of inflows, and on-chain data shows the BTC supply on exchanges has dropped to its lowest since August 2018, signaling strong holding sentiment. Bitcoin remains the top-ranked cryptocurrency with a market capitalization of approximately $2.16 trillion, and its current price and volume reflect ongoing volatility and heightened trading activity.