Bitcoin is traded in an open market and since it is then it is subject to the mood of the market and whenever there is something that seems to be a bad news that can affect Bitcoin the market can go down. That is what is happening right now with Bitcoin -- news from China seem to be the gauge of its ups and downs.

The market is placing a big importance on China though in terms of trading volume it is already Japan which is leading the pack . In fact, maybe it is about time that we disconnect cryptocurrency from China as we can go on without that "rogue" country which has its own agenda.