The Dow Jones, for example, fell 3.5% in a day — its worst since last October.
Should surprises appear, the volatility that characterized the past few days could continue.
Such behavior is far from surprising, but patience is now wearing thin over knee-jerk reactions to China.
“Half the Bitcoin network has now been shut down by China.
One of them is funding rates, which firmly favor bulls.
Thanks to Bitcoin’s inherent setup, there is always an attractive opportunity to mine somewhere under different circumstances.
Meanwhile, Adam Back, CEO of Blockstream, is at pains to stress that the impact of China on the hash rate has been at most around 39% from the top.