Bitcoin Holds Strong as Wall Street Wobbles — But Can It Last?

Bitcoin is defying gravity—at least for now. As Wall Street grapples with a turbulent earnings season and growing macroeconomic uncertainty, the world’s largest cryptocurrency has shown surprising resilience, sparking debate over whether it’s finally decoupling from traditional markets. But according to analysts at Bitfinex, it’s still too soon to call this shift a structural change. A Temporary Divergence or the Start of a New Era? In an April 23 market note, the analysts described Bitcoin’s strength compared to U.S. equities as “real, but unproven.” While Bitcoin has gained 7.68% in the last 30 days, major indices like the S&P 500 and Nasdaq have slumped 6.79% and 8.14% respectively, per Google Finance data. Even Nvidia—often hailed as a decade-long outperformer—saw a 15.4% dip, largely driven by chip export bans to China and tariff fears. Still, the analysts urge caution. “We’re not quite there yet,” they wrote, noting that similar divergence patterns in the past were short-lived. The upcoming Consumer Price Index (CPI) reading on May 13, combined with Fed Chair Jerome Powell’s policy cues and continued equity market volatility, will be key tests of Bitcoin’s staying power . If the crypto giant weathers those headwinds, a longer-term “regime change” may be underway. ETF Inflows and Bitcoin Dominance Adding fuel to Bitcoin’s current run is the surge in spot ETF inflows . On April 22 alone, U.S.-based Bitcoin ETFs recorded $913 million in net inflows—the largest single-day haul since January. That level of institutional interest suggests more than just speculative momentum is at play. Bitfinex analysts called Bitcoin the “cleanest shirt in the dirty laundry,” referring to its comparative appeal amid the broader market’s struggles. With Bitcoin dominance climbing to 64.39%—a level not seen since late 2021—the narrative of Bitcoin as a digital store of value is gaining traction once again. Yet not everyone is convinced. 10x Research head Markus Thielen pointed out that stablecoin minting , often a leading indicator of new capital entering the crypto space, remains subdued. “We remain cautious about the sustainability of the current Bitcoin rally,” he said. The post Bitcoin Holds Strong as Wall Street Wobbles — But Can It Last? appeared first on TheCoinrise.com .

Source: The Coin Rise