Bitcoin’s price spike supported by ETF demand as stablecoin buying power remains low
Stablecoin metrics in April revealed a market supported by existing demand rather than new inflows.

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Bitcoin ETFs rebounded with a record $3 billion inflow surge last week.
Despite the increase in annual electricity consumption, hydropower and wind accounted for over half of the amount of the electricity in the last year.
According to James Seyffart, despite SEC's approval, the ETFs will launch on the short or medium term instead of April 30.
Arizona's move to establish a Bitcoin reserve faces uncertainty as Governor Hobbs considers her veto amidst budget stalemate.
Fidelity assessed Bitcoin short and medium term as neutral and positive, respectively, while Ethereum's are negative and neutral.
The lender maintained its $200,000 year-end forecast, citing a strategic asset reallocation from gold to Bitcoin.