BITCOIN DROP THE REAL REASON
BTCUSDT
Perp
87,718.3
-1.58%
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
875.78
-1.01%
ETHUSDT
Perp
2,884.85
-2.31%