Bitcoin rate fell sharply in a day

Bitcoin rate fell sharply in a day

The Bitcoin / US dollar exchange rate dropped considerably last night. From a steady $46,000 and up, it went under the $43,000 mark. A drop of more than 7% in a short time. Experts attribute it to the protests in Kazakhstan. The country has become a major mining hub after China banned cryptocurrency mining last year, according to onliner.

According to some reports, miners in Kazakhstan accounted for a fifth of the energy consumed by cryptocurrency miners around the world. As a result of the protests, Internet cuts in the country, the mining capacity of popular mining pools has decreased. Sometimes by significant tens of percent. After bitcoin, other cryptocurrencies started to fall.

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