Bitcoin Maintains Stability Near Two-Month High Following ETF Inflows
Bitcoin (BTC) stabilized on Monday after last weekโs impressive rally, driven by robust inflows into spot exchange-traded funds (ETFs). Nevertheless, uncertainties regarding the U.S.-China trade conflict continued to leave broader market sentiment cautious.
Bitcoin Rebounds, Yet Momentum Slows
Bitcoin rose a slight 0.1% to reach $94,051.8 in early trading, remaining close to the two-month high of $95,000 achieved last week. The cryptocurrency has seen an 11% increase over the past week, recovering remarkably from early April lows due to a broader risk asset rally.
However, the pace of Bitcoin’s gains appears to be cooling due to:
- Mixed signals from U.S.-China trade talks
- Worsening tariff tensions between the two largest economies
- A general slowdown in global market optimism
Spot Bitcoin ETFs See Major Inflows
The driving factor behind Bitcoin’s recent rally has been substantial ETF inflows. Last week, spot Bitcoin ETFs attracted $3.06 billion in inflows, marking the highest since November 2024.
Key highlights:
- ETF-driven buying significantly outperformed gains seen in traditional risk assets.
- The S&P 500 rose 5.6%, while the NASDAQ Composite (IXIC) gained 8.3% during the same timeframe.
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Bitcoin: Still Not A “Safe Haven” Asset
Despite Bitcoin’s decentralized nature, its price movements closely follow tech stocks and other risk assets. In contrast, traditional safe havens like gold, the Japanese yen, and the Swiss franc have outperformed Bitcoin throughout 2025 during times of heightened global tension.
Additionally, Swiss National Bank President Martin Schlegel refuted the notion of including Bitcoin in the bank’s reserves, citing its high volatility and unsuitability for long-term value preservation.
Crypto Market Snapshot: Altcoins Join the Rally
Altcoins generally mirrored Bitcoinโs performance:
- Ether (ETH) dipped slightly by 0.2% to $1,796.60.
- XRP surged 4.6% to $2.2733.
- Solana (SOL) and Cardano (ADA) climbed over 2% each.
- Memecoins like Dogecoin (DOGE) increased by 0.2%, while $TRUMP tokens soared, reportedly boosted by a recent dinner promise for top holders.
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Final Thoughts
While Bitcoin’s rally has been impressive, its resilience will be tested in the upcoming weeks as trade tensions simmer and global risk sentiment remains fragile. The robust ETF inflows provide strong tailwinds, but the broader macroeconomic landscape presents substantial challenges for sustained growth.