Bitcoin Stabilizes Amid Fund Inflows and Trade Uncertainty!

Bitcoin stabilized on Monday, supported by strong inflows to exchange-traded funds, contributing to its recovery of over 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 increased to $3.06 billion, the highest level since November, according to sosovalue, enhancing 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 tandem with technology stocks.