Bitcoin has demonstrated resilience amid broader financial market challenges, increasing by 7.68% over the past 30 days, while the S&P 500 and Nasdaq have dropped 6.79% and 8.14%, respectively. Analysts from Bitfinex noted that while Bitcoin's relative strength against U.S. equities seems genuine, it remains to be seen if this trend is structural. Previous instances of short-term outperformance have led to alignment with broader market trends. Despite recent growth, factors like ongoing macroeconomic risks and the upcoming Consumer Price Index report are critical to assess Bitcoin's sustainability. The current crypto environment is characterized by rising risks alongside an increase in Bitcoin ETF inflows, with the cryptocurrency's market dominance reaching 64.39%, the highest since late 2021. Analysts remain cautious, suggesting that without a return to high stablecoin minting activity, Bitcoin's rally might not be sustainable.

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