Initial reports from Chinese media that the government plans to close down domestic cryptocurrency exchanges have seen the virtual coin shed more than $100 since Friday. Bloomberg and the Wall Street Journal also reported Monday that that the country is planning to shut down digital currency exchanges.
That news is just a FUD and not all the news that you are seeing in the internet is true because most of them are just FUD that the whales are planning to make the price of bitcoin to go down so they can buy a lot of cheap coins and once the price of bitcoin goes down very hard then that is the time for the bull run which is already happening right now based on the chart.