Bitcoin rallies, ETF flows rebound as US crypto policy stalls: Finance Redefined
Bitcoin breached the $95,000 mark this week amid a wider market recovery, as investors digested regulatory delays to the much-awaited CLARITY Act in the US.
Cryptocurrency markets posted a broad recovery this week, led by gains in major coins, even as investor attention remained focused on the uncertainty of pending US crypto legislation.
Bitcoin (BTC) rose over 5% during the past week to top the $95,000 mark, while Ether (ETH) pumped by around 6.6% on developments related to the top Ethereum treasury companies.
US spot Bitcoin exchange-traded funds (ETFs) also returned with a bang, with the funds logging four consecutive days of net positive inflows of around $1.7 billion in total, according to Farside Investors.