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CEO of CryptoQuant: China controls (https://x.com/ki_young_ju/status/1838140712736711110) 55% of bitcoin's hashrate, despite the cryptocurrency ban. At the same time, the dominance is gradually shifting to American mining companies, with 40% of computing power located in the United States.

Interesting shift in Bitcoin hashrate dominance from China to the United States, as highlighted by the CEO of CryptoQuant. This transition could have significant implications for the global cryptocurrency market landscape.