Amid financial market uncertainties, Bitcoin has demonstrated notable resilience, according to Bitfinex analysts. They highlight that while Bitcoin's recent performance against U.S. equities shows promise, it is too early to affirm it as a lasting trend. The analysts noted Bitcoin's strength could evolve into a more permanent change if it sustains its value through upcoming CPI releases and volatility from Federal Reserve announcements. Currently, Bitcoin has gained 7.68% over the past month, contrasting with declines in the S&P 500 and Nasdaq. Analysts also pointed out significant Bitcoin ETF inflows, marking a surge of $913 million on April 22, the largest since January. Despite these optimistic indicators, caution remains regarding the sustainability of Bitcoin's rally, especially as stablecoin minting activity remains low. This uncertain backdrop positions Bitcoin as potentially the 'cleanest shirt in the dirty laundry,' reinforcing its status as a strong store of value with Bitcoin dominance reaching 64.39%.

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