What can you say about China of closing their rigs/mining?
This could overshoot the price to the moon or plunge the price below the ground?
Those holding btc just brace yourself fasten your seat bet for possible vortex of price.
China hosted the large Bitcoin mining industry in the world. The sudden close down of Bitcoin mining in China has caused the crypto market and the industry a create blow. However, more than 80% of the enthusiast and believers within the China Bitcoin mining have moved from China to other countries like Canada, Germany, South Korea etc to establish more mining sectors and continue the good work from there. Bitcoin and crypto will continue to live forever.