Bitcoin crashes from $9,400 to $8,300 as network hashrate drops 40%
- —Bitcoin fell from $9,400 to $8,300 in minutes, losing about $1,100
- —BTC hashrate dropped 40%, from 98 EH/s to 57.7 EH/s
- —Ethereum lost 6.8%, Bitcoin Cash 14.1% and EOS 18% against BTC
- —Bitcoin is still up roughly $4,600 since the start of the year
Why it matters: The sharp hashrate drop weakens the network's resistance to 51% attacks, while the selloff adds pressure on altcoins.
Source: CryptoTicker