Towards the conclusion of August, Bitcoin validated an overextended decline in its monthly stochastic indicator, a warning sign that has historically coincided with market pinnacles.
Down Bitcoin Mining
Down Bitcoin Mining latest news, images, analysis about In late May, China’s State Council signaled a crackdown on cryptocurrency mining, causing bitcoin’s price to plummet by 30% and casting a pall across the entire industry, which collectively... See more
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The report noted that the news of SpaceX, led by Elon Musk, writing off a portion of its Bitcoin holdings in the previous quarter, played an added role in fueling the correction within the cryptocurrency markets in August.
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Taking inspiration from Sam Bankman-Fried, the CoinDesk team collectively gathers their fears, anxieties, and letdowns through crowdsourcing - all for your entertainment!
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Why China Is Cracking Down on Bitcoin Mining | TIME

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