Again and again the Chinese Government is acting. China banned its banks from handling transactions involving the Bitcoin virtual currency and this makes the market worse.
To be honest, I was amazed by china, just imagine 'with just one hit' bitcoin prices dropped very sharply, and this can`t be denied because this is based on the fact that happened. However, They weren't only attacking bitcoin but also attacked hundreds of altcoin. This is obviously very sad for me, and now hundreds of altcoin into a sea of red.
That is true. When China banned bitcoin, it had a huge effect on the price resulting into a huge dump and now it is happening again but with a different country. Bitcoin price is dropping again and I hope that it can recover from this the soonest it can. They surely have reasons for banning bitcoin and I also hope that this will be the last place who will fully reject bitcoin.