Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry
Bears have a potential $450 million lead if Bitcoin fails to hold $32,000 until June 25. Go to Source Powered by WPeMatico
China
Auto Added by WPeMatico
Nvidia GPU prices in China fall amid crypto mining crackdown
Graphics card prices in China reportedly dropped as much as two-thirds on Chinese e-commerce websites. Go to Source Powered by WPeMatico
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.” PBOC Tells Banks to Stop Dealing With Crypto Exchanges and … Read more
Banks fall in line as China’s central bank cracks down on crypto accounts
AgBank — the world’s third-largest bank by assets — has indicated it will follow the PBoC’s cue and work to stamp out its clients’ crypto-related activities. Go to Source Powered by WPeMatico
China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week
A statement threatening account closures for crypto activity causes mayhem before being deleted minutes later as FUD rules supreme on Bitcoin markets this week. Go to Source Powered by WPeMatico
Bitcoin price dips to $32.5K on ‘consistent’ new China FUD
BTC/USD sheds $1,000 almost instantly as China’s third-largest bank puts the cats amongst the pigeons in early trading. Go to Source Powered by WPeMatico
Bitcoin hashrate hits 8-month low as Chinese miners power down
Bitcoin’s hashrate plummets to roughly 91 EH/s as Sichuan miners close up shop. Go to Source Powered by WPeMatico
Sichuan Mining Farms Begin to Shut Down — Seven-Day Stats Show Bitcoin’s Hashrate Plummeting
The hashrate of the Bitcoin network has been steadily falling since June 14 and after Sichuan miners were told to prepare operation shutdowns. Sichuan is the second-densest province in China where most miners are located, according to data stemming from the University of Cambridge. Bitcoin’s hashrate is now hovering just above 100 exahash per second … Read more
Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery
Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite the slide, the … Read more
Data suggests the strong US dollar makes Bitcoin weaker argument is flawed
Analysts and traders are linking Bitcoin’s bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise. Go to Source Powered by WPeMatico