China’s Xinjiang Blackout and Bitcoin Hashrate Correction Caused BTC Price Crash


Source: bitcoinethereumnews.com bitcoinethereumnews.com

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Bitcoin Ethereum News advertisement It’s no less than a major bloodbath in the crypto market as the Bitcoin (BTC) price is down 8.5% tanking below $57,000 levels. At press time, BTC is trading at a price of $$56,971 with a market cap of $1.089 trillion. This solid price crash resulted in nearly $10 billion in Bitcoin liquidations in an hour’s time. Advertisement Well, investigating a bit about it, it turns out that the blackout in China’s Xinjiang region caused almost half of the Bitcoin network to go offline in 48 hours. This blackout was due to maintenance after the massive...