Cryptocurrency market - one goes up and down "

Those who are aware of the cryptocurrency market have seen the crypto market go up and down, after a positive week for the crypto market, the settlement of contracts and a possible blackout at a mining farm in China has affected the price of coins , on April 10 of this year, a coal mine exploded in China's Xinjiang province, and cut the region's electricity. But there is also another mine that has been shut down, a giant bitcoin mining farm.

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And as we already know, China is responsible for a large part of the mining farms in the world, that's right, being responsible for 65% of the bitcoin network hashrate.

What is hashrate?

Hashrate is the mining fee, which places new bitcoins on the market and validates the entire cryptocurrency network. Mining is responsible for maintaining the entire blockchain, the network of blocks that until today is inviolable and that brings the entire history of transactions with the cryptocurrency.

This stoppage that occurred at the China mine culminated in a movement for the liquidation of contracts by investors.

This up and down is normal, currencies are subject to greater volatility, both up and down. Since the cryptocurrency market is still very recent, compared to other more traditional investments.

There is nothing to worry about, cryptocurrencies fall but go back to the green.

The good thing is that every time the BTC falls, Hodlers take advantage of the fall to go shopping, the moment of correction became an opportunity for some investors to buy bitcoin.

The projects considered most solid in the cryptocurrency business is bitcoin itself, but also ethereum even though they go through great instabilities but they always maintain their value in the long run.

Thanks for stopping by and reading my post. ❧

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