Kazakhstan crackdown has outsize effect on bitcoin mining

Demonstrators clash with law enforcement officers during a protest triggered by fuel price increase in Aktobe, Kazakhstan on January 5 2022. Picture: INTERIOR MINISTRY OF KAZAKHSTAN

Russia sent paratroopers into Kazakhstan on Thursday to help put down the countrywide uprising after violence spread across the tightly controlled former Soviet state. Police said they had killed dozens of rioters in the main city Almaty, while state television said 13 members of the security forces had died.

Bitcoin fell below $43,000 on Thursday, testing multi-month lows after investor appetite for riskier assets fell as the US Federal Reserve leant towards more aggressive policy action.

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