https://coingape.com/chinas-xinjiang...c-price-crash/It s no less than a major bloodbath in the crypto market as the Bitcoin (BTC) price is down 8.5% tanking below $57,000 levels. At press time, BTC is trading at a price of $$56,971 with a market cap of $1.089 trillion. This solid price crash resulted in nearly $10 billion in Bitcoin liquidations in an hours time.
Well, investigating a bit about it, it turns out that the blackout in China’s Xinjiang region caused almost half of the Bitcoin network to go offline in 48 hours. This blackout was due to maintenance after the massive flooding and security issue at power stations in China.
Yer İmleri