As China’s Crackdown Rattles Crypto Markets…

As Bitcoin prices continue to decline, we try to understand what is leading to this plunge?

What Happened?

Why This Happened?

China & Cryptocurrencies

China has also moved to discourage Bitcoin mining amid concerns over its massive energy consumption. The country relies on a particularly polluting type of coal, lignite, to power some of its mining and Bloomberg predicted that it will not be able to meet its cryptocurrency industry’s needs via renewable energy till 2060.

Zooming Out

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