Iran-Linked Bitcoin Activity Dropped 80% Then Rebounded During Internet Blackout
(3 hours ago) · 1 source · Summarized by CryptoBipto
Bitcoin activity linked to Iran fell approximately 80% during a period of internet disruption in the country, according to reports. The activity subsequently rebounded as connectivity was restored or alternative methods were employed during the blackout period.
WHY IT MATTERS
Bitcoin and other cryptocurrencies run on the internet — without an internet connection, you cannot send or receive crypto transactions. Think of it like trying to use a banking app when your phone has no signal. This story shows that even though crypto is often described as decentralized and resistant to government control, it still depends on basic infrastructure like internet access. When a government shuts down the internet, crypto activity in that region can drop dramatically. This is an important reminder that while no single entity controls the Bitcoin network itself, governments can still affect how people access it within their borders.
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- cryptoslate.com
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