Bitcoin clings to 9K as whales rotate to ETH and UK bonds spike

Bitcoin clings to $109K as whales rotate to ETH and UK bonds spike

Bitcoin’s hold over $109,000 hinges on this week’s US jobs report and other macroeconomic data. Key takeaways: Bitcoin whales rotating billions of dollars into Ether highlight weakening conviction in Bitcoin’s $108,000 support among major players. Bitcoin derivatives show rising liquidation risks with $390 million in leveraged longs at peril below $107,000. Read more If you…

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Businesses are absorbing Bitcoin 4x faster than it is mined: Report

Businesses are absorbing Bitcoin 4x faster than it is mined: Report

Businesses are outstripping miner output several times over, potentially triggering a supply shock if exchange reserves continue to dwindle. Private businesses and public companies are absorbing Bitcoin (BTC) nearly four times faster than the rate at which miners are producing new coins, according to Bitcoin financial services company River. These businesses included publicly traded Bitcoin…

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