Bitcoin Hashrate Continues To Suffer Decline As Chinese Miners Shut Down
Bitcoin hashrate dips to about 91 EH/s as Sichuan miners shut down shop. As mining operations in China begins disconnection, Bitcoin’s hashrate has dropped to its lowest levels since early November The hashrate of Bitcoin’s network, a measure of its computing power, has fallen 46% since its peak level in mid-May. As shown on Bitinfocharts, […]
Ethereum Faces a Decline Below $2K
Ethereum is still in a bearish zone, with an exchange rate of less than 2,250 USD against the US dollar. There is still a risk that the price of ETH will fall further below 2,000 USD in the short term. ETH started a steady decline from well above 2,400 USD, similar to Bitcoin. The trading […]
Bitcoin Price Dips to $32.5K: China’s Third-largest Bank Warns On Crypto
Bitcoin/USD loses $1,000 almost instantaneously while the third-largest bank in China places cats among the pigeons at the beginning of trading. BTC lost $1,000 in minutes on June 21 while fresh news from China managed to redirect the bulls one more time. China’s Third-largest Bank Warns on Cryptocurrencies Reports from Cointelegraph Markets Pro and TradingView […]