Despite China’s ongoing ban on cryptocurrency trading and mining, the country continues to dominate the Bitcoin network, controlling 55% of the global hashrate, according to data shared by Ki Young Ju, CEO of CryptoQuant. What Happened: This information is corroborated by Bitbo’s mining data, which shows China’s sustained influence over Bitcoin (CRYPTO: BTC) mining pools. In contrast, U.S.-based mining companies manage approximately 40% of the global Bitcoin hashrate, signaling a significant but still smaller share of the market. Ju’s tweet highlighted the growing presence of U.S. mining pools…