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It's crashing because Kazakhstan is the second biggest BTC mining country and their government cut off the internet nationwide due to the justified rioting.

Just buy the dip bro! /s

It's crashing because Kazakhstan is the second biggest BTC mining country and their government cut off the internet nationwide due to the justified rioting. Just buy the dip bro! /s

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[–] [deleted] • 0 pt

A drop in miners is temporary though. Even if Kazahstan miners were a significant % of the miners, in a few weeks the difficulty will adjust, making the remaining miners more profitable, until new miners move in to raise the difficulty back up. None of this should affect the price of bitcoin.