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U.S. spot bitcoin exchange-traded funds returned to net inflows totaling $116.8 million last week following four consecutive weeks of outflows.The shift was mirrored by global crypto investment products attracting $130 million in net inflows — including the U.S. spot bitcoin ETFs.
Synthetix founder Kain Warwick rolled out Infinex. Infinex abstracts barriers like wallet setup, asset bridging and gas fees Infinex aims to reduce the common barriers associated with decentralized finance.
Analysts at Bernstein suggested that bitcoin’s “flattish” price action can be good for miners — when economics are driven by competitive hash-rate wars.The analysts said they don’t anticipate any significant drawdown here and expect the bitcoin price to remain range-bound before breaking out to the upside.
Bitcoin posted an uptick on Monday morning as traders await two U.S. inflation prints this week.The inflation data could assist in determining whether and when the Federal Reserve might decrease borrowing costs in 2024.
