BITCOIN DROP THE REAL REASON
BTCUSDT
Prep
88,237.6
+0.33%
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
Prep
853.93
+1.16%
ETHUSDT
Prep
2,983
+1.01%