#BTCvsMarkets Bitcoin's price is volatile, showing both rapid growth and downturns. Its correlation with stocks varies; sometimes it mirrors the stock market, other times it acts independently. While not consistently a safe haven, its market cap is significant, recently surpassing Alphabet.
Bitcoin's price is driven by supply/demand, speculation, institutional adoption (like ETFs), macroeconomic factors, tech developments, and regulations.
Recently (late April 2025), Bitcoin has performed strongly with ETF inflows, though some indicators suggest potential short-term bearish sentiment. Its volatility has decreased somewhat, and it's increasingly compared to gold, despite key differences. Bitcoin's relationship with traditional markets is evolving and influenced by unique factors and market sentiment.