{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Bitcoin+plummets+by+over+%247%2C000+USD+in+minutes&text=Bitcoin%2C+the+leading+cryptocurrency+took+a+massive+price+action+knock+heading+out+of+the+weekend+following+an+outage+in+Bitcoin+hash+rate.&text=%3Ca+title%3D%22Is+Bitcoin+Evolution+A+Scam%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fbitcoin-evolution-review%2F%22+data-replaced%3D%22true%22%3EBitcoin%3C%2Fa%3E+dropped+by+over+%247%2C000+USD+in+the+course+of+an+hour+to+lows+of+%2452%2C000+USD+following+an+alleged+hash+rate+crash.%0A%0AAfter+trading+in+a+healthy+range%2C+tagging+over+%2460%2C000+USD+earlier+in+the+week%2C+the+close+of+the+weekend+saw+Bitcoin+dropping+by+over+10%25+from+%2459%2C000+USD+to+%2452%2C000+USD+within+minutes.+The+price+fall+saw+almost+%2410+billion+USD+liquidated+within+a+day%27s+trading+-+a+bearish+surprise+after+Bitcoin+has+been+experiencing+a+healthy+trend+over+the+past+few+weeks.%0A%3Ch2%3EWhy+did+Bitcoin+experience+such+a+rapid+price+reversal%3F%3C%2Fh2%3E%0AAccording+to+analysts%2C+there+are+two+possible+reasons+behind+Bitcoin%27s+quick+fall+from+trading+just+below+%2460%2C000+USD.%0A%3Col%3E%0A+%09%3Cli%3EA+hate+rate+crash+caused+by+a+major+power+outage+in+the+Xinjiang+province+in+China+-+meaning+a+significant+amount+of+Bitcoin+mining+operations+were+suspended.%3C%2Fli%3E%0A+%09%3Cli%3ERumours+regarding+the+United+State%27s+and+alleged+cryptocurrency-related+regulations+as+a+result+of+possible+money+laundering+schemes.%3C%2Fli%3E%0A%3C%2Fol%3E%0A%3Ch2%3EBitcoin+hash+rate%3C%2Fh2%3E%0AAs+popular+Bitcoin+statistician+Willy+Woo+noted%2C+the+price+of+Bitcoin+often+trends+along+with+the+hash+rate+of+the+%3Ca+title%3D%22Is+Crypto+Trader+Legit%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecryptocurrency%3C%2Fa%3E+According+to+the+analyst%2C+this+could+mean+that+the+price+trajectory+downwards+is+a+temporary+one+and+that+the+recovery+of+the+hash+rate+will+probably+lead+to+a+recovery+in+price.%0A%3Cblockquote+class%3D%22twitter-tweet%22%3E%0A%3Cp+dir%3D%22ltr%22+lang%3D%22en%22%3EPrice+and+hash+rate+has+always+been+correlated.%3C%2Fp%3E%0AThis+is+BTC+price+vs+today%27s+hash+rate+collapse+%28from+the+Xinjiang+blackout%29.+%3Ca+href%3D%22https%3A%2F%2Ft.co%2FmywEZLHlA0%22%3Epic.twitter.com%2FmywEZLHlA0%3C%2Fa%3E%0A%0A%E2%80%94+Willy+Woo+%28%40woonomic%29+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fwoonomic%2Fstatus%2F1383672529995190281%3Fref_src%3Dtwsrc%255Etfw%22%3EApril+18%2C+2021%3C%2Fa%3E%3C%2Fblockquote%3E%0A%3Cscript+async+src%3D%22https%3A%2F%2Fplatform.twitter.com%2Fwidgets.js%22+charset%3D%22utf-8%22%3E%3C%2Fscript%3E%0A%0AThe+co-founder+of+Coin+Metrics%2C+Nic+Carter%2C+echoed+similar+sentiments%2C+suggesting+that+the+outage+in+China+will+unlikely+lead+to+a+historic+impact+on+the+cryptocurrency.+He+%3Ca+href%3D%22https%3A%2F%2Ftwitter.com%2Fnic__carter%2Fstatus%2F1383417849994104838%22%3Ecommented%3C%2Fa%3E%3A%0A%0A%22%3Cem%3EIf+the+outage+lasts+3+weeks+then+bitcoin+will+have+a+historically+large+difficulty+adjustment+but+I+think+that%E2%80%99s+unlikely+-+either+grid+comes+back+online+or+miners+will+move+their+hardware...+Based+on+data+that+comes+in+we+could+end+up+learning+that+Xinjiang+is+a+smaller+share+of+the+network+than+we+thought+%28cbeci+is+great+but+data+is+a+year+old+now%29.+My+theory+has+been+that+HR+is+migrating+out+of+China%2C+would+be+great+to+see+confirmation%3C%2Fem%3E%22.","timeout":15}