Bitcoin price shrinks by 18% a day and 35% monthly

Baku. 15 September. REPORT.AZ/ Yesterday, the price for Bitkoin decreased by 711 USD or 18% and made $ 3 206. Since the beginning of September, the decline was 35%. Report informs, on September 3, the cost of Bitcoin reached a historic high of $ 4,996.

Sharp drop in prices caused by news published yesterday's that the China's crypto exchange - BTC China will cease operations on September 30. The message of the exchange says that this decision is connected with the order of the Chinese government from September 4. So, the Chinese authorities said that they will impose a ban on the initial issue (IPO) of the crypto-currency.

Notably, a few days ago, the chief executive director of the prestigious American bank JPMorgan, James Dimon, said that the bitcoins are "false" financial means and soon this area is expected to be exposed. As a result, the Crypto currency has drastically depreciated.

Analytical Group of Report expects Bitcoin to fall to $ 2,000.