Bitcoin and China seem to be two things that can't be put together. The reason is, the central bank there, namely the People Bank of China (PBoC) officially prohibits all transactions involving Bitcoin and others in the Bamboo Curtain country.

As a result of this ban, the price of Bitcoin fell again to the figure of 41,700 US dollars some time ago.

However, this number is not Bitcoin's lowest decline in recent times.

The decline in Bitcoin prices last week was said to be caused by global market concerns about the potential for bankruptcy experienced by the Evergrande Group, China's second largest property company. The Chinese property giant is reportedly in debt in a fantastic amount, reaching more than 310 billion US dollars.