The Bitcoin mining network has demonstrated its resilience in the face of major country crackdowns, as the Total Hash Rate of miners completely recovered to pre-Chinese ban levels on Friday. Analysts are saying that the reason behind this quick recovery of the global Bitcoin mining network was due to a combination of factors. On one hand we had the swift reactions of mining companies which moved to more welcoming countries like Russia, Kazakhstan, or the U.S., and on the other there was the Fed's money printing spree that left investors with tons of cash they had to park somewhere.
https://www.notebookcheck.net/The-total-Bitcoin-mining-hash-rate-is-now-higher-than-before-the-Chinese-ban-on-miners.584449.0.html