Bitcoin prices rebounded this week, reaching a new all-time high of over $83,469 after experiencing turbulence related to former President Trump’s fluctuating tariffs. The market stabilized after Trump’s 90-day pause on global tariffs, except for China. Bitcoin has shown resilience and is currently trading at $83,469, up over 1% in the past 24 hours. 1.0271 million dollars worth of Bitcoin spot ETFs saw a net outflow this week, marking the seventh consecutive day of negative inflows, according to SoSovalue data. ARKB showed a positive inflow of $11.28 million and BITB experienced a net outflow of $12.31 million. The rest of the ETFs, including IBIT, FBTC, BTCO, BTCW, BRRR, EZBC, HODL, GBTC, DEFI, and BTC, recorded no change with zero net inflows or outflows. Meanwhile, Ether spot ETFs continued their downward trend this week with over $29 million in net outflows, marking the fourth consecutive day of losses, signaling investor uncertainty amid fluctuating markets and regulatory hurdles. 2023’s Bitcoin Outflows Already Surpass March’s Total In just two weeks of April, Bitcoin fund outflows have already surpassed last month’s total, indicating that more withdrawals could be expected. On April 10th, Bitcoin ETFs saw $149.66 in net outflows as it extended a six-day streak of withdrawals. Since the start of this month, a total of $813.89 million has been pulled from Bitcoin ETFs. While market analysts remain optimistic about Bitcoin’s performance, some experts, like Atlantis7, are skeptical. They believe that Bitcoin’s recent price surge is likely due to passive bids on Coinbase and Binance along with active buyers on OKX. This could indicate institutional interest as a short-term safe-haven asset during the US-China tariff tensions, much like gold’s recent rise. He warns this rally might be an “exit pump.” The Fed’s comments played a crucial role in Bitcoin’s trajectory. The Fed president hinted that the Fed could intervene with various tools if needed to stabilize markets, driving the price up 5%. Arthur Hayes suggested that rising bond yields, potentially signaling government intervention, could propel further growth for crypto assets and bolster market resilience. Meanwhile, analyst Ali Martinez noted that Bitcoin is currently breaking past a key resistance level at $82,360. He believes that if Bitcoin holds this level, it could build momentum and potentially rise towards its next target of $91,50.