BITCOIN DROP THE REAL REASON
BTCUSDT
Perp
75,600.1
-2.09%
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
616.21
-1.74%
ETHUSDT
Perp
2,244.02
-3.82%