Stablecoin surge signals growing volatility fear in crypto market

Market Trends & Performance - Bitcoin is rebounding, correlating with the NASDAQ 100 [1] - Crypto market is approaching the $89 thousand mark [1] - Crypto-pegged equities are rallying [1] - Tom Lee's Bitmine Immersion and Ether Proxy is up over 18%, exceeding Ether's 5% gain [2] Institutional Investment & ETF Flows - Spot Bitcoin ETF flows turned positive, indicating potential institutional buyer re-entry after weeks of redemptions [3] - The industry is questioning whether this marks a true bottom or a temporary pause [3] Risk Aversion & Safe Havens - Capital is rotating into digital asset safe havens due to market volatility [4] - Stable coins now constitute 9% of crypto's total market cap, a two-year high [4] - Analysts interpret this as a classic bear market signal, reflecting increased risk aversion [4]