Last Wednesday, Iran\u2019s President Hassan Rouhani announced a ban on cryptocurrency mining in the country. The announcement came after several cities had experienced blackouts. The government blamed the Bitcoin miners in the country for the power outages. The crypto mining ban is supposed to continue until the end of September.It is worth mentioning that a couple of weeks ago, China also called for a crackdown on crypto miners.Nevertheless, the cryptocurrency community remains positive and is not afraid of Bitcoin mining bans in China and Iran because a process of shifting mining capacity from China to North America and Europe is starting:Source: TwitterMoreover, some of the most prominent cryptocurrency whales, such as MicroStrategy\u2019s founder Michael Saylor and Tesla\u2019s CEO Elon Musk, will facilitate the Bitcoin mining capacity relocation and even make the mining environmentally friendly. Earlier last week, Saylor announced that together with Musk, they\u2019d hosted a meeting with the leading Bitcoin miners in North America on solving some mining-related issues:Source: TwitterLast week the crypto market was struggling to find direction. The current week starts with some indecision as well. Most of the major cryptocurrencies continue to move sideways. According to Coin360.com, one Bitcoin costs \u20ac29,239.39 (-1.05%), one Ethereum \u2014 \u20ac1,994.51 (-0.75%), one DOGE \u2014 \u20ac0.2495 (-1.44%), and one UNI \u2014 \u20ac20.83 (-0.03%):Source: Coin360.com (Daily crypto market performance)Now let us analyze the price charts of the leading cryptocurrencies against the euro in the most noteworthy time frames.BTC\/EURIn the weekly chart (1W), last week BTC\/EUR formed a small candlestick similar to a Shooting Star:Interestingly, this small candlestick formed in the range of the consolidation registered during the first couple of months of the year. Therefore, we can conclude that at the moment, BTC\/EUR is taking a break from the current correction and probably will consolidate for some time.Another signal pointing to consolidation\u2026<\/p>","protected":false},"excerpt":{"rendered":"
El mi\u00e9rcoles pasado, el presidente de Ir\u00e1n, Hassan Rouhani, anunci\u00f3 la prohibici\u00f3n de la miner\u00eda de criptomonedas en el pa\u00eds. El anuncio se produjo despu\u00e9s de que varias ciudades sufrieran apagones. El Gobierno [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4631"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=4631"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/4631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=4631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=4631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=4631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}