Bitcoin Smashes Records as Bulls Charge—Wall Street Still Wondering ’Is This a Bubble?’
Bitcoin’s market cap surges past $2 trillion—another all-time high as institutional FOMO meets retail euphoria. The crypto king isn’t just rallying; it’s rewriting the rules of store-of-value assets.
Behind the numbers: Spot ETF inflows hit $12B this month alone, while hedge funds quietly double down on BTC futures. Meanwhile, gold bugs sob into their vaults.
Caution lights flashing? Of course. The SEC’s Gensler mutters about ’volatility risks’ between private jet meetings with BlackRock execs. Classic finance theater.
Profit-Taking Surges as Bitcoin Approaches Key Levels
While bulls stay hopeful, others are cashing in. Bitcoin holders are taking profits at a rate of $1 billion a day. That’s a red flag. This kind of behavior typically shows up in late-stage bull markets. If it continues, it could stall BTC’s climb or even trigger a sharp correction.
According to CryptoQuant, profit-taking is at its highest since January. That’s when Bitcoin hit $100,000 for the first time before dropping back. Even with big institutions now involved—thanks to spot Bitcoin ETFs like BlackRock’s IBIT—investor psychology hasn’t changed much. People still sell when prices rise. That might limit how far BTC can run without a reset.
Bitcoin ETFs Fuel Demand Despite Market Uncertainty
Despite the wave of profit-taking, ETFs are keeping the momentum alive. BlackRock’s iShares Bitcoin Trust has seen two straight weeks of net inflows. These funds are now a major force in the crypto ecosystem. Their presence shows growing mainstream interest and adds legitimacy to BTC as an asset class.
ETF inflows are doing more than just boosting price—they’re also helping Bitcoin gain dominance. BTC now makes up 63% of the total crypto market cap, the highest in four years. This is a clear signal that investors trust Bitcoin more than altcoins, especially during uncertain times.
Tariff Suspension Lifts Market Cap and Investor Mood
A key reason for April’s strong crypto rebound was the suspension of U.S. tariffs. This move gave global markets a break from trade tension. According to Binance Research, the crypto market cap jumped nearly 10% in April alone. Bitcoin led the charge, reclaiming dominance and attracting institutional cash.
The decision to pause tariffs brought temporary relief and renewed optimism. But it’s not all sunshine. Inflation, geopolitics, and possible tariff reinstatements still hang over the market. That’s why many investors are sticking with Bitcoin—seeing it as a safe harbor during volatile times. Inflows into BTC ETFs outpaced Ethereum funds by a wide margin, further proving Bitcoin’s growing appeal.
Bitcoin Benefits from Global Liquidity and CeFi Revival
Macroeconomic forces are adding fuel to Bitcoin’s rise. Liquidity is expanding fast. In April, the combined M2 money supply of the U.S., EU, Japan, and China hit a record $93 trillion. History shows that when liquidity grows, Bitcoin’s market cap often follows.
At the same time, centralized finance (CeFi) is making a comeback. CeFi startups took over 40% of crypto fundraising in April. That’s a sharp jump from the DeFi-heavy trend of last year. Investors now see CeFi as more compliant and better positioned for future regulation. All of this points to a maturing market where Bitcoin stands tall as the anchor asset.
