China against Bitcoin.

The Chinese government, or rather its People’s Bank, has been at war with the Bitcoin cryptocurrency for several years, and there is an enviable consistency in these actions.
In 2013, the cryptocurrency received its first blow, its price fell from $1,112 to $727, and the decline continued.

On Friday, February 11, 2017, several Chinese exchanges where Bitcoin is traded stopped trading under pressure from the People's Bank of China.

Such actions led to a sharp collapse on Monday, February 13, with the cryptocurrency losing several percent.

In the morning the price dropped to $983 per bitcoin; if we take into account that on Friday the rate was at $1,007, the drop was about 2%. After lunch, Bitcoin gradually began to restore its positions, but it cannot be said with confidence that an upward trend has returned to the market.

This is not the first time that the Bank of China has taken action to combat shadow capital, since according to statistics, more than 40% of all cryptocurrency transactions are carried out in China.