BTC Surges 2.15% to $79K After Binance's $100M Initiative and Key Support Rebound

Bitcoin (BTC/USDT) has seen a 2.15% price increase in the last 24 hours, rising to $79,052.02 on Binance, with strong trading volumes reported over $80 billion. The price change is primarily attributed to Binance's announcement of a $100 million market support initiative in response to recent outflows, as well as Bitcoin's rebound after testing key support levels following an 11% correction and notable market volatility earlier in the week. Despite ongoing selling pressure and recent market outflows totaling $1.7 billion, Bitcoin remains the largest cryptocurrency by market capitalization at $1.72 trillion, with a circulating supply of 19.98 million BTC and continued institutional interest supporting its dominance in the broader $2 trillion crypto market.