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BTC price is up 50% since China 'selflessly' banned Bitcoin mining
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It's been 150 days since China banned Bitcoin (BTC) mining — and BTC price action has only benefited as a result.
Five months ago, China caused a considerable but not unsurprising stir by doubling down on its hostile environment policy towards cryptocurrency.
Just like every "ban" before it, China's move against miners saw temporary price turbulence, matching the biggest physical upheaval in Bitcoin's history.
As miners powered down and relocated out of China, Bitcoin's network hash rate fell 50%, with difficulty slowly adjusting for the changes in the months that followed.
Since then, however, a powerful renaissance has occurred, and now the network and its security have practically erased any trace of China's impact. BTC price action,
Read more on cointelegraph.comAbout this in other media
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