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Investors Pile Back Into Bitcoin Digital asset investment products saw their largest inflows since July 2022, according to the latest weekly fund flows report from crypto intelligence firm CoinShares. $117 million in capital entered the crypto investment product space, with Bitcoin dominating and accounting for $116 million of the inflows. Short Bitcoin products also saw $4.4 million in inflows, taking the monthly inflow to short Bitcoin products to $30 million. But this is still some way off the month-to-date inflow into long Bitcoin products, which was last at $125 million. According to CoinShares, total assets under management have jumped to $28 billion, up 43% from November 2022’s post-FTX collapse lows, mostly due to price appreciation of crypto assets. Trading volumes are also recovering, the crypto intelligence firm’s report revealed. Products worth $1.3 billion changed hands over the course of the week, 17% above the year-to-date average. This rem...

Source: AdobeStock / Сергей Шиманович The difficulty of mining a bitcoin block has increased by around 10% during the latest adjustment, suggesting that more miners are coming back online as prices continue to recover.  The adjustment at block height 772,128 is the biggest downward change since October 10, 2022, when the metric rose by 13.55%, data from mining pool BTC.com shows. More specifically, the difficulty has climbed to 37.59 trillion from the previous 34.09 trillion.  “Bitcoin mining difficulty increased by 10.26%, to an ATH!" mining pool f2pool said in a tweet following the adjustment. "In this 2-week cycle, If BTC can go up above $23,000, machines that are more efficient than 40W/T can be running with profits at the electricity of $0.08/kWh.” The Bitcoin mining difficulty is a measure of how difficult it is to mine a Bitcoin block, or in mor...