Why Bitcoin’s Price Got Stuck at $50,000

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Why Bitcoin’s Price Got Stuck at $50,000
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Investor interest in other corners of the crypto market—including Ethereum and NFTs—has contributed to bitcoin’s lull

Investor interest in other corners of the crypto market—including Ethereum and NFTs—has contributed to the lull

Cryptocurrency miners in China are turning off their machines after Beijing warned it would tighten its control over the industry. This has created an opportunity for miners elsewhere, as the power behind crypto becomes less dependent on one place. Photo illustration: Sharon Shi

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