China wipes out 90% of bitcoin mining activities as hashrate is down to an 8-month low

2021-6-22 16:42

The entire crypto market is down more than 10% in the last two days as China is cracking down on large-scale bitcoin miners. This is no longer FUD as we have observed the hash rate drop to an eight-month low.

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down low china bitcoin eight-month miners large-scale

Источник: itsblockchain.com

down low → Результатов: 126


The May Crypto Sell-off Predominantly Occurred in the US Session

Bitcoin continues to chop. Currently, in a ‘crab’ pattern, the price of Bitcoin is constantly going up and down by a few thousand dollars but remains range-bound within $30k-$40k. Having a drawdown of 50% after rallying 1,610% from March low to mid-April all-time high, the sideways trading is expected to continue for months and trend […] The post The May Crypto Sell-off Predominantly Occurred in the US Session first appeared on BitcoinExchangeGuide.

2021-6-13 15:38


Bitcoin Dominance on a Decline for 8 Weeks Straight to Hit Three-Year Low

Time and again, the Bitcoin price will make a strong upward movement, but instead of continuing the momentum, it ends up back down again. As of writing, BTC/USD has been trading around $57,500. It has been due to lack of momentum in Bitcoin and the surging Ether prices, which hit a new all-time high yet again […] The post Bitcoin Dominance on a Decline for 8 Weeks Straight to Hit Three-Year Low first appeared on BitcoinExchangeGuide.

2021-5-7 17:49


Bitcoin Takes A Dive & Altcoins’ Drop Hard, But People Are Still ‘HODLing and Not Selling’

BTC price goes down to about $55,600 and Ether as low as $1,930 as 366,073 traders get liquidated for $2.02 billion. But the crypto market is already recovering the losses. The post Bitcoin Takes A Dive & Altcoins’ Drop Hard, But People Are Still ‘HODLing and Not Selling’ first appeared on BitcoinExchangeGuide.

2021-4-8 17:47


Bitcoin Technicals Overheated, But Bullish Fundamentals Remain Unfazed

Bitcoin price is currently reeling due to a series of rejections above $60,000. After such a powerful impulse upward, technicals are severely overheated and beginning to turn down. But regardless of any technical-driven selloff that might result, such continued bullish fundamentals in the leading cryptocurrency by market cap could keep prices from going too low, […]

2021-3-24 23:00


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Analyst: Yearn.finance (YFI) is “Finished” as Technical Outlook Grows Grim

Yearn.finance’s governance token YFI saw a notable rebound from its recent lows overnight, which comes as sentiment surrounding the crypto remains incredibly low. A fragmented community coupled with a lack of momentum in the aggregated DeFi space has created serious headwinds for YFI, which is now trading down well over 50% from its recent highs. […]

2020-10-16 19:00


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