Bitmain launches the world’s largest Bitcoin mining facility, the FED prints more money than BTC’s market cap and Bitcoin rises above 8.200 USD
Here is your daily overview of cryptocurrency news, written by the Crypto2Cash team
Bitmain launches ‘world’s largest’ Bitcoin mining facility
The Chinese cryptocurrency hardware manufacturer Bitmain claims to have opened the largest facility for mining Bitcoin in Texas. In a press release, Bitmain places a strong emphasis on working with the local economy of Rockdale, which is located just east of Austin.
The FED prints more money than Bitcoin’s market cap
Cryptotwitter noted that the FED has printed more money in the last four weeks, than the total of Bitcoin’s market cap:
The total amount of dollars printed ($210 billion) dwarfs Bitcoin’s market cap ($148 billion today).
Bitcoin rises above 8.200 USD
After falling below 8.000 USD in the end of last week, Bitcoin gained almost 5% this weekend and is currently trading around 8.200 USD.
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