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3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse than you think

Regulatory uncertainty increased on Aug. 17 after the United States House Committee on Energy and Commerce announced that they were “deeply concerned” that proof-of-work mining could increase demand for fossil fuels. As a result, U.S. lawmakers requested the crypto mining companies to provide information on energy consumption and average costs.

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Source: Cryptocurrency - investing.com

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