BITCOIN DROP THE REAL REASON
BTCUSDT
Perp
88,142.6
+1.10%
Bitcoin dipped today because China tightened mining regulations again. Many miners in regions like Xinjiang were forced offline, causing the network hashrate to fall around 8%.
When miners shut down, they need cash to cover costs, which leads to short-term selling pressure.
This isn’t a long-term issue.
It’s just temporary pressure, and Bitcoin has moved past this many times before.
BNBUSDT
Perp
840.76
-1.80%
ETHUSDT
Perp
2,939.83
+1.60%