It seems like many negative stories that cause crypto currency in the decline.
According to reports by CNBC, trade values in some of the largest exchanges have fallen 40% in June.
Reports citing data from Cryptocompare, Crypto market data provider, which shows trading volume on binance, kraken, coins and bitstamp has been reduced due to lower prices and lower volatility.
The report said that Bitcoin prices fell 6% and reached a monthly low of $ 28.908.
Chinese factors in Cryptocurrencys per report by Reuters, China has tried to carry out crackdown in the Crypto industry.
And it looks like it finally made an impact.
Fear of Chinese hard acts may cause fear on the market, which is why he has experienced a decline such as the situation.
China prepares to launch a digital currency supported by its own country.
This has caused mining operations in the country to close.
Nearly 50% of Bitcoin mining power is organized by this operator in China.
The Chinese government has announced a harder limitation on the cryptocurrency in May.
A report by Nikkei said that mining was an intensive energy process that was not in harmony with China’s appointment to achieve carbon neutrality in 2060.
Chinese crackdown in Bitcoin and Crypto’s mining has forced many high-powered computers to secure Bitcoin.
Network and validate transactions abroad to other locations such as Kazakhstan, among others.
Bitcoin Hash Level – Size to check how much computing power used by Bitcoin Network – has fallen to 13 months lowest for the past few weeks, according to a report by Forbes.
Not only the Bitcoin network has had an accident.
Ethereum – other most popular Crypto networks – have seen hash rates down 20% in the past two months.
You may also like
About the author
