PANews reported on April 23 that according to Cointelegraph, Bitcoin rose 12% this week, and related exchange-traded funds (ETFs) saw a surge in inflows. Analysts believe that Bitcoin may soon reach $100,000, but Markus Thielen, head of research at 10x Research, said in a market report: "Given that stablecoin minting indicators have not yet returned to active levels, we remain cautious about the sustainability of the current Bitcoin rally."