Bitcoin: China versus miners – why that helps the cryptocurrency


Source: codelist.biz codelist.biz

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The cryptocurrency Bitcoin has weathered the crash after the closure of mining farms in China. The course has recovered again. By Emmeran Eder, Euro am Sonntag Last week, Bitcoin cracked the $ 50,000 mark again. After hitting an all-time high of $ 64,000 in April, it fell to $ 30,000 in mid-July. Most of the market watchers actually expected the bear market to continue. But it turned out differently. In addition to the overheating of the crypto currency segment, the main reason for the crash was interventions by the Chinese authorities. Most of the mining farms in the Middle Kingdom...