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Bitcoin price: BTC ‘going nowhere’ as cryptocurrency market stabilises | City & Business | Finance

He stated: “Interestingly, updated figures on Cambridge’s Bitcoin mining map have shown that despite China’s ban in 2021, Chinese miners are still producing 21 percent of Bitcoin’s hashrate.

“Banning the trade is proving troublesome even for one of many world’s most authoritarian governments.

“It’s clear that demand continues to be excessive and this isn’t an trade that’s going anyplace, any time quickly.”

The market is calmly to see additional restoration sooner or later as Terra Luna operators relaunch the forex.

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