Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage: Report

Crypto Insight Summary: Bitcoin miners generated 35% of the state-owned power producer’s revenue last year, but declining reservoir inflows led the utility to prioritize households and manufacturers. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Reduced mining capacity in Ethiopia may cause temporary hash in BTC network.