Quote:
Originally Posted by Fuzz
It's down 6%, I'm no sure that's massive. Pretty much matches the drop in Bitcoin. Is there a reason Bitcoin has been cratering in the past 10 days or so?
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A bunch of miners in China went down for maintenance which caused a massive decrease in hash rate for the rest of the miners. Miners difficulty corrects every 2 weeks and I believe the next adjustment is in the 30th. This is a part of the reason behind the dip.
I wonder if China did this on purpose because the people’s bank of China said that bitcoin is an ‘investment alternative’. Could this be a sign that China’s loading up on bitcoin 🤔