Bitcoin hash fell 30% in a day. The course followed him.

The Bitcoin hash has dropped sharply by 30% - from 98 EH / s to 67 EH / s, according to the information of the Blockchain.com and Coin.dance portals. The amount of computing power is often experiencing sharp fluctuations, but the last decline was the largest in a long time.

According to Coindesk, the Chinese government has begun the liquidation of illegal bitcoin mining enterprises in the Inner Mongolia Autonomous Region. These actions are only part of the plan proposed by the Chinese government in April to completely eradicate digital currency production in the country.

Thus, the restrictive actions of the Chinese authorities have caused a decrease in hashrate, i.e. the total volume of cryptocurrency mining in the world.

In September, bitcoin headed for an anti-record with renewed vigor, falling from summer values ​​of $ 10-12 thousand to $ 7.9 thousand. Thus, the digital coin showed the maximum drop in 20 months. Experts talk about increasing pressure from world governments on virtual currency and do not expect significant exchange rate growth in the near future.

One of the factors in the failure of Bitcoin, market experts call the weak start of the Bakkt platform, developed by the Intercontinental Exchange (owner of the New York Stock Exchange). The developers of the cryptocurrency platform intended to trade bitcoin futures. The Bakkt official blog reported that the launch of the platform was approved by the U.S. Commodity Exchange Commission.

Analyst Alex Kruger on his Twitter said that on the day the crypto platform was opened (September 23), the futures trading volume was only 71 bitcoins and turned out to be lower than investors' expectations. As a result, the service was not able to attract significant investments at the first stage of its existence.

Experts also note the influence of the geopolitical situation on the digital currency rate. Now one of the risk factors for the cryptocurrency market is the US-China trade war.


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