Dare we say it?

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Ahead Of The Curve

21 Apr 2025

Dare we say it?

Bitcoin is once again showing signs of relative strength, revisiting range highs after an impressive Monday rally.

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Bitcoin flexes its muscle

BTC continues to display relative strength to equities this week, as S&P and Nasdaq futures trade 1.6% and 1.9% lower than their weekly open while BTC sits on a 4% gain. Tariff headlines and Trump’s loud criticism of Fed Chair Jerome Powell’s reluctance to cut rates continues to plague traditional markets with major uncertainty. In contrast to Bitcoin, ETH’s weakness has intensified. ETHBTC is at 5-year lows, while U.S. ETH ETFs have only seen inflows in 4 of the past 42 trading days.

CME traders show some BTC demand