Bitcoin price drops as PBOC continues inspections

[beerlover]

lets see if you could succeed to devalue bitcoins again.

He will never succeed. We are into $1000+ levels even after those inspections.
I don’t think that the price change is mainly related to china, sure they have a large share of the hash power and most of the miners are located there but this does not mean they are sole movers of bitcoin prices. It is already proven.

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[royalfestus]

This dumps doesn't look like gonna last, price is already recovering and may touch $900 soon. The one who will dump on this type of fud are just noobs, there is good buy support right now.

I don't consider this a dump. Just that the volume of trade decreased due to interference by the govt, so decrease the price. Bitcoin always applies to the demand and supply. Dump occurs as a result of massive sell out due to scare at a ridiculous lower price

[Clement Kaliyar]

According to coindesk the present bull run was fueled by shorts closing, hence powering price up with more thrust, as well as a lack of sell orders on many exchanges, which created a liquidity vacuum that allowed price to rise quickly, may be that is the truth as there was no other news other than the uncertainty created by Trump.