Bitcoin Crashes After China’s Sichuan Province Shuts Down Crypto Mining Farms

Bitcoin continued its dramatic plunge to $32,281, down 17.65% from a week earlier as some of China’s largest bitcoin mining farms were shut down over the weekend. The bitcoin mining facilities of Sichuan Province received an order on Friday to stop doing business by Sunday, according to Chinese state media outlet the Global Times. The Sichuan Provincial Development … Continue reading Bitcoin Crashes After China’s Sichuan Province Shuts Down Crypto Mining Farms