The crypto news contains the following noteworthy information
0:00 Introducing 0:33 Bitcoin ETFs posted $2.2B net inflows 2:09 Bitcoin mining difficulty surpasses 80 trillion 3:55 Genesis GBTC sell-off will balance out in crypto market
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Bitcoin exchange-traded funds (ETFs) had another strong week, with net inflows surpassing $2.2 billion. According to Bloomberg analyst Eric Balchunas, the combined volume was higher than inflows received by any other among the 3,400 ETFs available in the United States.
Bitcoin mining difficulty, which measures how difficult it is to solve the complex cryptographic puzzles used in the mining process, passed 80 trillion.
Coinbase forecasts that funds from Genesis’ GBTC sell-off would “remain within the crypto ecosystem” despite fears of potentially impacting Bitcoin’s price.
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