$BTC

**Bitcoin remains stable near $95,000 as investors await macroeconomic signals**

The price of **Bitcoin (BTC)** has shown notable stability in recent weeks, trading around **$95,000**, despite the volatility in traditional markets caused by uncertainty in U.S. tariff policies. This resilience contrasts with BTC's historical behavior, which used to amplify movements in the Nasdaq, but now seems to be more influenced by its own factors, such as institutional accumulation and fund flows into ETFs.

### **Key factors behind Bitcoin's stability**

1. **Institutional accumulation**:

- **MicroStrategy**, led by Michael Saylor, announced a new purchase of **15,355 BTC** for **$1.42 billion**, raising its total reserves to **553,555 BTC**. This accumulation strategy has been a key support for the price.

- **Bitcoin ETFs** in the U.S. recorded record inflows, with over **$9 billion** in net flows in April, highlighting the confidence of large investors.

2. **Favorable regulation**:

- The U.S. Secretary of Commerce, **Howard Lutnick**, noted that the Trump administration is working on more cryptocurrency-friendly regulations, including incentives for miners and treatment similar to gold.

3. **Decoupling from traditional markets**:

- While stocks like Tesla and Apple showed high volatility due to tariffs, Bitcoin maintained its range, suggesting a lower correlation with stock indices.

- Analysts like **Javier Molina (eToro)** attribute this to the changing profile of BTC holders: **72% are long-term investors**, which reduces panic selling.