$BTC The recent stability in Bitcoin's price is attributed to a combination of macroeconomic factors. A softer U.S. Consumer Price Index (CPI) report for April has eased inflation concerns, bolstering investor confidence. Additionally, easing trade tensions between the U.S. and China have contributed to a positive market sentiment.

While Bitcoin's price remains relatively steady, many altcoins have experienced significant gains. For instance, Ether (ETH) has risen by 8.7%, and Solana (SOL) has increased by 7%. This trend suggests a rotation of investments from Bitcoin into smaller cryptocurrencies.