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Chinese Bitcoin-BTC mining shakeout may have surprise BTC price consequences — analyst

Chinese Bitcoin-BTC mining shakeout may have surprise BTC price consequences — analyst China’s crackdown on Bitcoin-BTC (BTC) mining may have unintended benefits for BTC price action, one analyst suggests. In a tweet on June 18, Charles Edwards, CEO of investment firm Capriole, argued that the Chinese miner exodus was already lowering Bitcoin-BTC’s potential price floor.

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