Bitcoin’s voyage to the moon has once again encountered turbulence.
Thecryptocurrencyon Friday morning fell below $42,000 for the first time since late September.
The prospect of a rise in borrowing rates impacted most markets, crypto or otherwise.
Cryptocurrencies are notoriously volatile, so their swings are larger.
Since Chinacracked down on cryptocurrency mining in 2021, many moved their mining operations south to Khazakstan.
More bitcoin is now mined in Khazakstan than any other country, with the sole exception of the US.
