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In recent days, Bitcoin has consolidated its position as a safe haven asset, showing surprising resilience in a global economic context marked by volatility and geopolitical tensions. While the US stock markets and bond yields have undergone corrections, the price of Bitcoin has maintained a stable trajectory, settling around 93,000 dollars. This resilience has strengthened the narrative that views the world’s leading cryptocurrency as an alternative store of value, similar to gold. Not surprisingly, the price of the precious metal has risen in parallel with that of Bitcoin, suggesting a growing correlation between the two assets in times of economic uncertainty. “`html Cryptocurrencies declining, but Bitcoin holds the position “` Despite the solidity of Bitcoin, the rest of the cryptocurrency market has experienced a decline. The main altcoins, including XRP, Solana (SOL), BNB, and Dogecoin (DOGE), have suffered losses exceeding 2%, with DOGE leading the declines among the major digital assets. Even Ethereum (ETH) has lost ground, albeit to a lesser extent, with a drop of 1.5%. “`html Overall, the market capitalization of the sector decreased by 2.5%, while the CoinDesk 20 Index, which tracks the performance of the most liquid and capitalized tokens, recorded a decline of more than 3%. These movements were largely attributed to profit-taking by traders, after a week of steady bull. “` Record Inflows into ETFs: Over 916 Million Dollars in One Day In the face of a slightly contracting market, the exchange-traded funds (ETF) on Bitcoin have seen a surge in inflows. Just on Wednesday, the U.S. spot ETFs attracted over 916 million dollars in new investments. A clear sign of the growing interest from institutional investors. According to Vugar Usi Zade, Chief Operating Officer of Bitget, these inflows are driven by two main factors: the decline of the US dollar index and the…

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Filed under: News - @ April 24, 2025 11:21 am