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Power Outage In China’s Xinjiang Region May Have Triggered Bitcoin Selloff – Benzinga

As Bitcoin (CRYPTO: BTC)



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As Bitcoin (CRYPTO: BTC) plunged by about 9% of its value over the last 24 hours, experts suggest that news of a power outage in China may be to blame.
What Happened: A blackout in China’s Xinjiang region — where a significant portion of worldwide Bitcoin mining is done — could be among the causes of the selloff, according to Reuters. 
Luke Sully, CEO of the digital asset treasury specialist Ledgermatic, told the news outlet that people “may have sold on the news of the power outage in China and…

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