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China's Xinjiang Blackout and Bitcoin Hashrate Correction Caused BTC Price Crash

source-logo  coingape.com  + 1 more 18 April 2021 07:46, UTC
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It’s no less than a major bloodbath in the crypto market as the Bitcoin ($BTC) price is down 8.5% tanking below $57,000 levels. At press time, $BTC is trading at a price of $$56,971 with a market cap of $1.089 trillion. This solid price crash resulted in nearly $10 billion in Bitcoin liquidations in an hour’s time.

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