BTC Surges 3.57% to $104,788 as Institutional Inflows and Eased Tensions Restore Market Confidence

Bitcoin (BTCUSDT) experienced a 3.57% price increase over the past 24 hours, rising from a 24h open of $101,174.70 to a current Binance price of $104,788.01. This rebound followed a weekend dip below $100,000, which was primarily attributed to heightened geopolitical tensions in the Middle East. The subsequent recovery was driven by easing tensions after U.S. diplomatic intervention, restoring investor confidence. Additional support came from significant institutional activity, including Metaplanet’s purchase of 1,111 BTC (bringing its total holdings to 11,111 BTC) and a net inflow of $1.02 billion into Bitcoin spot ETFs, with BlackRock’s IBIT ETF accounting for $1.23 billion. On-chain data indicates long-term holders are accumulating, while short-term holders were responsible for the recent volatility. As of June 24, 2025, Bitcoin’s market capitalization is approximately $2.03–$2.09 trillion, representing 62.22% of the global crypto market, with about 19.88 million BTC in circulation. The broader market remains stable, with Bitcoin showing strong dominance and renewed institutional interest.