Çin

There are several possible reasons for Bitcoin's decline this week:
1.China's Crackdown on Digital Currencies: China may have taken steps to impose tighter controls on cryptocurrency mining and trading. Such regulations create uncertainty in markets and worry investors, which can lead to selling pressure. #çin

2. US Federal Reserve (Fed) Statements:** The Fed's statements about interest rate policy or economic outlook may affect risk perception in the markets. Interest rate hike expectations or concerns about economic growth may cause investors to avoid risky assets. #ABD #Bitcoin

3.Technical Factors: In the technical analysis of Bitcoin, breaking certain levels or selling signals shown by important indicators may lead short-term investors to sell.

4.General Market Conditions: Cryptocurrency markets are generally open to volatility, and it should not be forgotten that general market conditions may also affect prices during this week. For example, global economic uncertainties or events in other financial markets may also affect cryptocurrency markets.
Each or a combination of these factors could be the reasons behind Bitcoin's decline this week.

Daniel Batten, an environmental analyst on Bitcoin, revealed a striking fact about BTC mining in China.
Batten claims that, contrary to widespread reports, BTC mining has not been officially banned in China, only a temporary suspension.
This finding challenges the dominant narrative, highlighting the resurgence of Bitcoin mining activities in the country.
Bitcoin Mining Was Never Really Banned in China
Daniel Batten's comprehensive report reveals that China's hashrate currently accounts for around 15% of the world's total. This finding challenges common beliefs that came to the fore in May 2021. At the time, major news outlets reported that the Chinese government had dealt a hard blow to cryptocurrency activities.
Temporary Suspension Misinterpretation of the Ban
According to Batten, the sharp 51.1% drop in network hashrate—from 179.2 EH/s to 87.7 EH/s—was misperceived as a full-fledged ban. He compared the incident to a school suspension, stating that the proceedings were temporarily suspended but not completely terminated.
📈📉#Bitcoin #chine #çin $BTC

#Btc! 70.000 $ which experienced a rapid retreat #Btc! After the Trump assassination in America, it experienced an increase of 5.000 $ and #çin 's #cyripto liberation statements regarding the money received during the day also sparked The fact that Germany does not have #Btc! left investors was a little relieved, the announcement of the Fed interest rate decision and Trump's election as president in the coming days. And finally, if China fully allows BTC, BTC will reach 100.000$ levels within 2 months.