Bitcoin Price Analysis: Institutional Buys & Tether Denial Drive Market Momentum

Bitcoin’s price surged to $111,582 in the past 24 hours, marking a 25% jump in trading volume to $29.05 billion. Recent developments fueled investor confidence and market optimism. Notable purchases by institutional players such as Strategy, Metaplanet, and El Salvador, alongside Tether’s quick denial of a potential Bitcoin sell-off, are driving this positive sentiment.