China against Bitcoin.

The Chinese government, or more precisely its People's Bank, has been waging war against the Bitcoin cryptocurrency for years, and these actions have shown remarkable consistency.
In 2013, the cryptocurrency suffered its first blow, its price falling from $1,112 to $727, and the decline continued thereafter.

On Friday, February 11, 2017, several Chinese exchanges that trade Bitcoin ceased trading under pressure from the People's Bank of China.

These 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; considering that on Friday the rate was at $1007, the drop was about 2%. After lunch, Bitcoin gradually began to regain its position, but it is impossible to say with certainty that the upward trend has returned to the market.

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