Bitcoin Rebounds Amid ETF Flows and Macro Uncertainty

Recent market developments show Bitcoin (BTC) rebounding above $120,000, with its dominance increasing for the second consecutive day but down 3% over the week. ETF inflows reveal a withdrawal of $131 million from BTC funds, while ETH funds see a net inflow of $297 million. The surge in Ethereum's stablecoin supply has exceeded $140 billion, and ETH is aiming for the $4,000 mark. Among Layer 1 solutions, Solana (SOL) leads, facing resistance around 208-209. Ethereum ecosystem tokens like PENDLE (+6%) and ENS (+2.5%) are also gaining traction. On the macro front, the Federal Reserve remains quiet, with no change in monetary policy following Jerome Powell’s speech. Key upcoming data includes U.S. PMI figures. The White House prepares to visit the Fed, while Trump suggests Powell might depart soon and considers abolishing capital gains tax on home sales. Trump Media reports holdings of approximately $2 billion in Bitcoin. In technology and infrastructure, Telegram's wallet service is now available to 87 million US users. Western Union contemplates launching its own stablecoins, and Square advances to accept Bitcoin payments from retailers. Coinbase's roadmap now includes Jito Staked SOL and Metaplex. Security concerns arise with over 3,500 sites infected with Monero browser miners, mainly targeting WordPress and e-commerce platforms. Kraken has transferred around 12,500 BTC (about $1.5 billion) to unknown wallets, with ongoing large transactions. Rumors and forecasts indicate Tom Lee from Fundstrat maintains a target of $250,000 for BTC by year-end. Media outlets also mention Polymarket exploring its own stablecoin. Overall, the market remains in consolidation mode, with a focus on PMI data and Federal Reserve statements.