Bitcoin continues to surge, trading near $116,682 after reaching a new all-time high of $116K following the potential for interest rate cuts by the Federal Reserve. The cryptocurrency market capitalization surpassed $2.3 trillion, with Bitcoin’s dominance at 57%, reflecting its position as the leading digital asset. The Philippines introduced a bill proposing a National Bitcoin Reserve aiming to accumulate 10,000 BTC over five years. Meanwhile, Bitcoin ETFs saw $1 billion in outflows as institutional investors de-risked their portfolios amidst market uncertainty. Despite recent outflows, institutional interest remains strong, with Bitcoin accumulating through strategic reserves and sovereign investments.