- The bitcoin rate fell by 6.6% per day
- The protests in Kazakhstan played a role here
- The government is turning off the lights en masse, so mining companies are suffering
Kazakhstan has become one of the leading countries in production bitcoins. It accounts for 22, 20% of the network hashrate. Now the country has turned off the Internet, and it hurt the crypto market.
NetBlocks network data provider announced that Kazakhstan is “at the epicenter of a nationwide Internet shutdown.” In the beginning, there were interruptions with mobile Internet and partial restrictions all day. But by nightfall, the whole country was in lockdown.