News Snapshot:
Bitcoin is struggling around $35K as the Chinese crackdown on Bitcoin mining operation spreads to the province of Sichuan, a hydropower-rich province in South-West China. On last Tuesday, June 15 th , the world’s largest crypto asset by market cap was changing hands above $41,000 levels after some encouraging news from Tesla and the upcoming Taproot update. But China’s regulatory fairs again pulled the coin back to below $40,000. As Crypto Economy reported, last Wednesday, June 16 th , China’s largest exchange Huobi restricted the leverage of existing users to less than 5x, which was 125x before. The reason for...
