$BTC Bitcoin Stability Amid Fund Flows and Trade Uncertainty!
Bitcoin stabilized on Monday, supported by strong inflows into spot exchange-traded funds, which contributed to its recovery of more than 11% last week after surpassing its lowest levels since April, with the currency reaching $94,051.8, close to its recent peak of $95,000, despite a decline in trading volumes.
Inflows rose to $3.06 billion, the highest level since November, according to sosovalue, boosting Bitcoin's performance compared to stocks, with the S&P 500 recording gains of 5.6% and Nasdaq 8.3%.
Despite its decentralized nature, Bitcoin has so far failed to prove itself as a safe haven compared to gold, the yen, and the Swiss franc, continuing to move in line with technology stocks.
