Why the ‘great China Bitcoin mining crackdown’ fell short of early claims
Data suggests that fears about Xinjiang-related Bitcoin mining have overstated the impact, with hashrate losses proving brief and driven partly by US power curtailments.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Data suggests that fears about Xinjiang-related Bitcoin mining have overstated the impact, with hashrate losses proving brief and driven partly by US power curtailments.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin Reclaims $82,000 as Brent Crude Slips From a Five-Month High and Stock Futures Rise
A pullback in oil and a firmer start for U.S. stock futures are giving bitcoin room to climb past $82,000 on Monday. BTC changed h...
Bitcoin Reclaims $82,000 as Oil Retreat Restores Risk Appetite
Bitcoin climbed back above $82,000 as oil fell from a five-month high, easing inflation fears ahead of the Fed's October meeting....
Bitcoin Price Prediction: BTC Reclaims $82K as Oil Retreats and Bulls Return
Bitcoin reclaimed $82,000 today, trading at $82,800, bouncing up by 1.5%. The bounce follows two weekly declines and puts price ba...
Bitcoin Reclaims $82,000 as VIX Jumps 22% and Nasdaq Slides Ahead of Black Monday Anniversary
Bitcoin recovered above $82,000 as the VIX surged 22% and the Nasdaq fell 2.15% ahead of the Black Monday anniversary, with ETF ou...
Hot Inflation Data Puts Bitcoin Under Pressure, but ‘Difficult’ Isn’t ‘Bearish’: CoinShares
Bitcoin Magazine Hot Inflation Data Puts Bitcoin Under Pressure, but ‘Difficult’ Isn’t ‘Bearish’: CoinShares Bitcoin’s price has d...
Bitcoin Reclaims $82,000 as Oil Retreat Calms Frayed Nerves
Bitcoin climbed back above $82,000 as falling oil prices and lower Treasury yields lifted risk appetite. Ether gained 3%, but anal...