BTC price plummets 10% on word from China
Today, at the Boao Forum for Asia 2014, the President of the Central Bank of China, Zhou Xiaochuan, announced: “Bitcoin is more like tradable assets rather than payment currency, the issue of PBOC banning it or not doesn't ever exist.” The BTC price shot up by 20 % immediately after the news. The reason for the drop after almost a week of relative stability, which seems like eternity in the world of Bitocoin, was once again news from China. Chinese businesses apparently started to receive official deposit shutdown notices from banks, which seems to confirm recent suspicions that....
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