Sudden Massive ETF Inflows Push Bitcoin Above Google As World's 5th Largest Asset
Sudden Massive ETF Inflows Push Bitcoin Above Google As World's 5th Largest Asset
Investments in Bitcoin exchange-traded funds (ETFs) rebounded to levels last seen in January, signaling a recovery in investor sentiment from concerns about global trade tariff escalations.
US spot Bitcoin ETFs had over $912 million worth of cumulative net inflows on April 22, marking their highest daily investment in more than three months since Jan. 21...
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This helped lift the price of bitcoin above $94,000...
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“Macro factors like a weakening dollar and rising gold correlation” may reinforce Bitcoin’s appeal as a hedge against economic volatility, Ryan Lee, chief analyst at Bitget Research, told https://cointelegraph.com/news/bitcoin-etfs-912m-dramatic-sentiment-boost
.
And lifted the crypto currency above Google as the world's fifth largest asset...
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Crypto and traditional stock markets are “walking a tightrope between political drama and economic reality,” with Bitcoin staging a significant rebound thanks to “strong ETF inflows, institutional acquisitions, and a weakening US dollar,” according to Nexo dispatch analyst Iliya Kalchev:
“Bitcoin’s strength amid dollar weakness, record gold prices, and renewed institutional buying reflects a market recalibrating what safety looks like.”
“The conversation has clearly shifted. Bitcoin is no longer trading in the shadows of tech — it’s becoming a lens through which macro uncertainty is priced,” he added.
Nansen CEO Alex Svanevik also praised Bitcoin’s resilience, noting that the maturing asset has https://cointelegraph.com/news/bitcoin-decouples-from-stocks-gains-safe-haven-status
— more gold” in the past two weeks, increasingly acting as a safe haven asset against economic turmoil, though concerns over economic recession may limit its price trajectory.
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On April 21, BitMEX co-founder Arthur Hayes predicted that this might be the “last chance” to https://cointelegraph.com/news/bitcoin-rally-may-follow-us-treasury-buybacks
, as the incoming US Treasury buybacks may signal the next significant catalyst for Bitcoin price.
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Wed, 04/23/2025 - 10:25