It' been a rough few months for crypto investors and lots of folks need to understand if the top is in sight. Leading cryptocurrency Bitcoin (BTC) is down over 50% from its uncomparable high in November, with alternative cryptocurrencies depreciative even more.
A Cambridge report exploring bitcoin mining shows that the United States is the world's largest player and China the second despite the country's ban last year.
Bitcoin is on a wild ride. The world's largest cryptocurrency skyrocketed to $68,990 last November. It now sits around $29,000, a staggering 58% drop from the peak.
Norway has now almost finally decided to legalize the mining of cryptocurrencies, because the Norwegian parliament rejected a corresponding ban proposal by a majority this week.
As Bitcoin has won millions of hearts economically and financially, policymakers and major financial institutions have continued to warn investors of the ripple effects its volatility could cause.