As all of you know that the value dropped from a solid $11.5k to $9.5 recently. Could BitMex, the trading platform for bitcoin on other cryptos, where some users who had difficulty logging into its platform be one of the reasons for it?
You're right OP that's one of them. At that time authorities in China reportedly planned to block domestic access to Chinese and foreign virtual currency platforms which allowed centralized trading. The regulator will also target individuals and companies that provide centralized trade-related services. And since then the value of bitcoin has declined gradually.