Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next?

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Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next?

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Falling hashrate, death crosses, and altcoin plunges form the backdrop of the crypto market yesterday as China tightened its ban against cryptocurrencies.

· 2 min read

Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next?

Bitcoin and Ethereum prices took a big hit as major Chinese banks paused all crypto-related transactions.

The latest crackdown came weeks after local directives aimed at culling mining operations.

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