The funds negotiated in exchange for Bitcoin (ETF) have attracted their larger entries since December last week while the cryptocurrency of origin continues to progress on the news that the tariff negotiations of President Donald Trump are close to a resolution.
Bitcoin, ravished cumulatively more than $ 3 billion last week, according to Ethereum data up 11% in the last seven days, XRP has increased by 9% and Solana is up 8%.
The announcement of Trump’s pricing policy at the start of this month led to a market crisis from April 2, and the S&P 500 erased 2.5 billions of dollars in a single day. Investors also quickly fled risky investments such as actions and the crypto to prepare for the impacts expected from the policy, including large -scale disturbances of supply chains and subsequent inflation.
But bleeding began to slow down for traditional markets and crypto after Trump authorized a 90 -day break on most prices (with the exception of China) – by putting the S&P 500 to its highest day since 2008 and Bitcoin to bounce 9% on April 9. The S&P 500 has increased by 1% since Trump announced the April 9 break. But Bitcoin was significantly exceeded these gains, the break announced.
James Butterfill, research manager at Etf Emitter Coinshares, said Fortune This divergence shows that investors are starting to consider Bitcoin as a flight to security during the economic uncertainty, because the currency is detached from a centralized entity as a government or a central bank.
“While the actions are increased by prices and the decline in the prospects for business profits,” he explains Fortune, “Bitcoin remains not affected and has benefited from investors who are looking for other safe security assets.”
This story was initially presented on Fortune.com
