The value of bitcoin USD fell below $ 700 after having grown to over USD $ 1,000.The price of the bitcoin came to settle at around $ 658 USD after a statement from the Bank of China, after Baidu and China Telecom to withdraw criptomoneda as payment method accepted. The currency was based on the USD $ 1000 a few days ago . This morning , the currency stood at USD $ 730.
Analysis of the People's Bank of China, said the currency had no official approval, made the bitcoin down from USD $ 1147 on 4 December to USD $ 834 on December 5 . The announcement of the two companies withdrawing support to the bitcoin was the next blow .
The statement from the Bank of China said that the financial institutions should not compromise products or services using bitcoins , but the general public was allowed to continue using the virtual currency on the Internet. The websites could continue to use the currency as comply with normal regulations. It is not known whether Baidu and China Telecom, accepting bitcoin , the away by some official order or if they are trying to prevent a future problem.
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