China cracks down on crypto mining causing BTC price to go down


Source: bitcoinwarrior.net bitcoinwarrior.net

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China cracks down on crypto mining causing BTC price to go down 2021-06-23 China has been working hard on getting Bitcoin miners to leave its country, and the most recent effort to do this took place over this past weekend. The crackdown had greater consequences than just getting the miners out of the country, however. It also caused the BTC/USD price to drop down by as much as 18% on a weekly basis. The price has been on a continuous drop for a week now, starting on June 16th, when it broke the support at $40,000. The coin encountered several...