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Bitcoin held steady on Thursday, continuing its sideways movement after a robust April rally lost steam. The world’s largest cryptocurrency traded at $94,943.4 by 05:09 GMT, maintaining recent gains but showing signs of fatigue as ETF inflows cooled and concerns around U.S. economic growth resurfaced.
🔍 Key Takeaways
- Bitcoin up ~20% in April, reversing its 2025 losses.
- Gains driven largely by ETF inflows and institutional buying, particularly from Michael Saylor’s Strategy.
- ETF momentum has cooled, with a $56.2 million net outflow logged on Wednesday (SoSoValue data).
- Macroeconomic headwinds — including weak U.S. GDP data and ongoing U.S.-China trade war — are now capping further upside.
💼 ETF Inflows: From Catalyst to Caution
Bitcoin’s April surge was propelled by eight consecutive days of ETF inflows, pushing prices from March lows (~$70K) to near $95K. However, this week marks a turning point, as institutional buying slowed and ETFs recorded net outflows.
ETF support had been critical in sustaining bullish momentum. The recent cooldown signals a potential pause in institutional demand, raising questions about whether Bitcoin can hold current levels without a renewed catalyst.
🌐 Macroeconomic Pressures Resurface
Market sentiment took a hit after U.S. GDP data showed an unexpected economic contraction in Q1, highlighting growing downside risks. While President Trump delayed tariffs on some U.S. allies, the administration escalated trade tensions with China, renewing fears over global growth.
Crypto assets like Bitcoin — which are sentiment-driven and speculative — tend to retreat when risk appetite weakens, making the current macro backdrop increasingly challenging.
📉 Altcoins Drift After April Gains
- Ether (ETH): ↑ 0.1% to $1,808.30 — underperformed in April
- XRP: ↓ 1.7%
- Solana / Cardano: Traded within ±1% range
- $TRUMP (memecoin): Slight dip, still up over 50% in April
- Dogecoin: ↓ 0.4%
Despite April strength, the broader altcoin market remains lackluster, reflecting caution in investor positioning.
