BTC Surges Past $104,000 as Trading Volume Soars and Institutional Inflows Hit $320 Million

Bitcoin has experienced strong upward momentum over the past 24 hours, with prices reaching approximately $103,087.72–$104,000 USDT, reflecting a 2.53% to 4.73% increase. Trading volumes and on-chain activity have surged, with transaction volume up 25% to $12.3 billion and a notable rise in new wallet creation, indicating heightened retail participation. Technical indicators such as a high RSI (78) and a bullish MACD crossover confirm the current positive trend, while institutional inflows into spot Bitcoin ETFs have increased by $320 million.

The recent price increase is attributed to several converging factors. Bitcoin’s realized cap reached a record $890.7 billion, signaling ongoing accumulation by long-term holders. The Federal Reserve’s decision to keep interest rates unchanged has supported broader market optimism, as reflected in gains across major equity indices. Additionally, increased institutional investment through spot ETFs and strong buy-side order book activity have contributed to the bullish sentiment. The combination of robust technical signals, growing institutional and retail interest, and favorable macroeconomic conditions has driven the latest upward movement in Bitcoin’s price.