Bitcoin Price Below $8k Affected Mining pools

[S.coastapps]

Bitcoin cost had flooded over the $8000 mark on January 8, 2020, in light of geopolitical strains between the USA and Iran, arriving at a high of $8400 during the early exchanging hours.

This didn’t keep going for a really long time as present BTC costs plunged back underneath $8k and are as of now sitting at $7,800. As the costs of bitcoin fell once more, the figuring intensity of the top mining pools diminished marginally.

Source: TheCoinRepublic

[Alcor]

While tensions between the US and Iran have fallen, in any case, the US Congress has not given Trump the opportunity to further aggravate relations between the two countries. Now in the world, the fight against the coronavirus pandemic has come first. In addition to large human losses, all states are rapidly losing their economic potential, because quarantine is being suspended, production is suspended, trade is falling, and almost all human activities are being laid waste. Another threat is coming - the threat of a global tough economic crisis. Hard times await us even without the military.

[Malam90]

The corona virus has already destroyed the world economy even in USA. So there is no position right now and in the near future between USA and IRAN. So at present, the fight against Corona is the biggest challenge. Mining costs will be equal to $6500 right now but price of Bitcoin are now $7200.