Bitcoin Nosedives Below $36,000 Affected by China’s Clamp On Mining Farms
The bitcoin rollercoaster is in full swing. Bitcoin nosedives reaching $33,400 on Sunday –nearly 20% below the $41,200 on the previous Tuesday– to later recover to jump above $35,400 in just hours, according to data from Coinmarketcap. Q1 2021 hedge fund letters, conferences and more Bitcoin Nosedives From April PeakReuters reports that, despite gaining over 10% in the last year, bitcoin has dropped by over a fifth in the last six days, and plunged by half from its April peak of $65,000. After reaching its all-time high of $2.6 trillion the same month, the market value of all cryptocurrencies ...