Bitcoin crash due to further China crackdown rumors

China will shutdown all exchanges. pic.twitter.com/lmEiF0S5Eo
— Haipo Yang (@yhaiyang) September 8, 2017The price of bitcoin began to crash as much as $400 this Friday as a second wave of “news” came in from China. The latest reports detailed below show that these rumors are entirely untrue so far.
The kneejerk reaction was that, as shown above, China will be shutting down all exchanges. The announcement originated from a translation of a Beijing-based media group that pr