Bitcoin price hits a monumental high of $6,000

The price of bitcoin has reached a record-breaking high of $6,000 USD across multiple global exchanges, with a current 24-hour volume of $1.7 billion. From Japan and the US, to countries like Zimbabwe and Venezuela where BTC is used to escape hyperinflation, proponents all over the world are thrilled.

Chinese BTC miners fear intensification of cryptocurrency crackdown

In addition to China being the manufacturer of most of the cryptocurrency mining equipment, it is also the country where more than half of the total bitcoin miners are based. However, with China’s recent ban on ICOs, it is feared that the ban may be intensified to target the Chinese miners as well.