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Bitcoin finds $ 93,000, ETFs record $ 1 billion in entries

Nicholas by Nicholas
April 23, 2025
in Crypto
0
Bitcoin finds $ 93,000, ETFs record $ 1 billion in entries

Bitcoin crosses $ 93,000, carried by a massive influx in the ETF Spot, which record more than a billion dollars in 2 days. A dynamic that is part of an uncertain market context, marked by a decrease in traditional assets and a renewed interest in refuge values.

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Bitcoin course decreases the S & P500 and risky assets

Since the return of Donald Trump, the financial markets have been strongly shaken, in particular due to the uncertainty linked to the trade war and the renegotiation of customs duties by the United States.

The S&P 500 has a drop of 12 %, from 6,050 to 5,280 points, while the dollar index (DXY) fell from almost 10 %, from 109.5 to 99.1. This situation has largely benefited gold, which recently reached $ 3,500, an increase of 24 % since January.

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As for Bitcoin, he first experienced a correction, going from its historic summit of $ 109,000 to $ 74,400, a drop of more than 30 %.

However, Bitcoin does not seem to have said his last word and now starts up.

BTC-SP500-COMPARAGE

Bitcoin and S & P500 course since the start of 2025

From its low point of April 7, Bitcoin surprises investors with a rebound of 26 %, today crossing the threshold of $ 93,000.

What particularly draws attention is The marked decorrelation between the BTC and the S&P 500some even evoke a real “decoupling” between 2 historically very correlated assets.

While they were very close since the beginning of April, Bitcoin managed to cross a 1st technical resistance at 90,000 dollars, while the S&P 500 still has a decrease of 5 % compared to its avant-up levels.

For many, this divergence is a sign that Bitcoin is initiating an exit from the category of risky assets for assert oneself as a refuge value, alongside gold.

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ETF Bitcoin Spot: $ 1 billion entering a single day

Yesterday, we mentioned the in progress bullish movement, capable of strengthening thanks to significant incoming volumes, a necessary condition for a lasting recovery. And already, ETF Bitcoin Spot in the United States display one of their best weekly performance in just 2 days.

Volumes-ETF-BTC-23042025

Volumes of Bitcoin Spot Etf

On Monday, the incoming net volumes amounted to $ 381 million, and more than 936 million Tuesday, an impressive total of $ 1.32 billion in just 2 days.

Although it is always difficult, if not impossible, to predict with certainty the impact of these flows on the course of Bitcoin, these figures are very encouraging. They revive the hope of seeing the assets find, even exceed, its historical heights.

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In addition, the macroeconomic context seems favorable to the BTC. The growing tensions between China and the United States could accelerate the disengagement of the dollar as an international reference currency.

In this scenario, Bitcoin, neutral digital currency and censorship, could impose itself as a reserve of value alongside gold. Its divisibility and portability also make it a serious candidate for the status of global means of exchange, in addition to traditional fiduciary currencies.

Buy Bitcoin action On Trade Republic from € 1

Sources: tradingView, Sosovalue

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Author Profile Picture

First attracted by the bait of gain, I am now trapped Deep the Rabbit Hole. Without a way out, I just have to share my knowledge and transmit the passion I have for Bitcoin. I am also the creator of Adopt A Block, an educational site dedicated to Bitcoin.

Marius Farashi Tasooji

479 articles

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