Chinese regulators have continued to dump the crypto industry


Source: thecoinrepublic.com thecoinrepublic.com

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June 22, 2021 10:52 pm EDT Miners capitulation caused a dip in Bitcoin price Chinese regulators have continued to dump the crypto industry Bitcoin price has again seen a severe dip below $29k Chinese regulators have been known as the reason behind the price fall China’s Sichuan which contributes more than 75% of the BTC mining hashes has prohibited mining firms continuing their operations in the region Facing regulators concerns miners of the region are selling off their BTC holdings to allocate their operations Where miners are selling their holdings, big investors are accumulating those assets in their portfolio Bitcoin...