On Thursday, September 24, at the end of the day, the BTC/USD pair increased by another 3.04% to $44865. Risk appetite in other markets contributed to the growth of quotations. On Friday, buyers shifted Thursday’s maximum by $45,200 and then the price collapsed by 9.5% to $40907.

The price of bitcoin fell by $4293 after the publication of the statement of the Central Bank of China on cryptocurrencies. The regulator has released a new document outlining how measures are being tightened to further curb cryptocurrency trading.

All services that allow you to exchange fiat currencies, crypto assets or make an exchange between the crypto assets themselves are now considered illegal in China. Offering cryptocurrency derivatives trading services is also an illegal business in the country, including foreign exchanges that give access to the Chinese.

News from China has been affecting the markets all week.

The situation with China Evergrande Group remains uncertain. The company has to pay $85 million yesterday and no information. Evergrande shares fell by 7.84% today, to 2.35 Hong Kong dollars. She has a 30-day grace period during which she can pay interest, but investors are nervous. Today, the Central Bank of China added fuel to the fire.

The BTC/USD pair declined by about 76% to an increase from $39,600 to $45,200. Most currencies and futures on the SP500 are trading in the red. Through the news factor, buyers again found themselves in a bull trap. Recovery will have to start over when the fall stops. The other day on the weekend with this attitude, they can push up to $ 36 thousand.