UK Gas Firm Denies Bitcoin Mining Pivot

A UK-based gas company has reportedly downplayed plans to engage in Bitcoin mining, following a news report suggesting a potential pivot towards cryptocurrency operations. The company's clarification aims to temper speculation about its strategic direction. Meanwhile, Bitcoin is maintaining a delicate balance around the $75,000 mark. Analysts attribute this stability to sustained demand from Bitcoin ETFs, which are effectively cushioning the broader crypto market. This resilience is being observed even amidst heightened geopolitical tensions, specifically concerning the Strait of Hormuz, indicating a strong underlying support for the digital asset.