As a result, the country's presiding cabinet resigned, but not before the state-owned telecommunication company, Kazakhtelecom, shut down the nation's internet, causing network activity to plunge to 2% of daily heights. The country accounts for 18% of the Bitcoin network's hash activity. No timeline exists as to when the internet will switch back on in the second-biggest Bitcoin mining country in the world. Bitcoin is very volatile and set a record at more than $64,000 in April 2021, but fell below $30,000 in July 2021.

No timeline exists as to when the internet will switch back on in the second-biggest Bitcoin mining country in the world.

On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country's presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation's internet, causing network activity to plunge to 2% of daily heights.