Bitcoin jumps as stocks hit records
- Bitcoin rose back toward $77,000 as the S&P 500 and Nasdaq hovered near fresh records in late April trading, extending a broad risk-on rebound. - U.S. spot Bitcoin exchange-traded funds were still bleeding cash, with Farside data showing net outflows even as BlackRock’s IBIT kept attracting buyers. - Traders are weighing strong tech earnings against oil shocks and Federal Reserve uncertainty. (farside.co.uk)
Bitcoin climbed back toward $77,000 in late April as the S&P 500 and Nasdaq traded around record levels, tying crypto’s rebound to a broader risk-on move. (finance.yahoo.com 1) (finance.yahoo.com 2) The S&P 500 closed at 7,138.80 on Monday, April 28, and Yahoo Finance showed the Nasdaq Composite at 24,663.80 on April 29. Bitcoin was quoted around $76,979 early April 29. (finance.yahoo.com 1) (finance.yahoo.com 2) (finance.yahoo.com 3) That left stocks near all-time highs even after a volatile month shaped by Middle East headlines, oil swings and a rapid recovery in appetite for tech shares. Bloomberg reported Brent crude moving back above $100 a barrel during the April 22-23 turbulence. (bloomberg.com 1) (bloomberg.com 2) Bitcoin’s move looked stronger on price charts than in fund flows. Farside’s tracker showed U.S. spot Bitcoin exchange-traded funds posting net outflows on several late-April sessions, even while BlackRock’s IBIT continued taking in money. (farside.co.uk) The same split showed up in Ethereum funds. Farside’s Ethereum table logged repeated net outflows in late April, with Grayscale’s ETHE still acting as a drag while newer products absorbed only part of the selling. (farside.co.uk) That matters because exchange-traded fund flows are one of the clearest windows into institutional demand. When prices rise while funds lose money, traders have to ask whether hedge funds, retail buyers or short covering are doing more of the lifting. (farside.co.uk) (coindesk.com) CoinDesk reported on April 24 that Bitcoin was on track for its best month in a year, helped by roughly $5 billion of Tether growth and stronger sentiment across equities. That points to fresh dollar-like liquidity in crypto even without a clean exchange-traded fund inflow story. (coindesk.com) Bloomberg reported earlier this month that Bitcoin jumped to a three-week high after a U.S.-Iran ceasefire plan improved global risk appetite. The late-April bounce fits the same pattern: crypto rising when traders decide macro danger is fading. (bloomberg.com) The next test is whether earnings and Federal Reserve expectations can keep stocks near records while Bitcoin holds above the mid-$70,000s. If either leg gives way, the gap between rising prices and weak fund flows will get harder to ignore. (finance.yahoo.com) (finance.yahoo.com)
