
Whale selling, $390 million in leveraged longs at risk, and surging UK bond yields test Bitcoin’s fragile support ahead of a pivotal US jobs report.

Whale selling, $390 million in leveraged longs at risk, and surging UK bond yields test Bitcoin’s fragile support ahead of a pivotal US jobs report.

The crypto company tied to the US president and his family unlocked 24.6 billion tokens, making their holdings worth about $5 billion.

The United Arab Emirates has become a hot spot for the crypto industry as clear regulatory frameworks and no tax on crypto profits has driven interest in digital assets.