đ **Crypto News Flash: Bitcoin ETFs Surge Amid Easing Monetary Policies!** đ
- Bitcoin (BTC) saw a 3.2% rise, closing at $65,618 for the week ending Sept 29, defying September's usual downtrend. Analysts link this to global central banks easing monetary policies with 21 rate cuts in the month.
- However, geopolitical tensions between Israel and Iran caused a market slump on Oct 1, with BTC dropping 3.9% and ETH falling over 6%.
- Spot Bitcoin ETFs saw record inflows of over $1 billion last week, showing strong investor interest.
- Bitcoin mining stocks rallied 15.1% week-on-week, driven by higher BTC prices and hash rates.
- Positive developments: Hut 8's $20M annual revenue deal, Cipher's $67.5M mining site purchase, and Bitdeer's new mining chip.
đŹ **What are your thoughts on these trends? Comment below!**
