🚨BITCOIN PLUMMETS: CHINA STRIKES AGAIN! 🤔📢

$BTC is down -4.2%, hitting $85,671.8, as a massive regulatory crackdown in China forces a miner exodus. Roughly 400,000 miners in Xinjiang are offline!

The Immediate Impact:

📉 Hashrate Plunge: Network hashrate dropped ~8%.

💸 Forced Selling: Miners are liquidating BTC for cash/relocation costs.

🌪️ Short-Term Pain: This creates real sell pressure and spikes uncertainty.

This is a temporary supply shock, not a demand issue. We've seen this before: China cracks down, the network adjusts, and Bitcoin moves on stronger. Expect short-term volatility, but long-term fundamentals remain solid 🔥📢

#BitcoinSPACDeal #bitcoin #china #Market_Update

BTCUSDT

Prep

85,659.2

-2.13%