You’re probably waking up this Monday morning asking yourself what has happened to the price of bitcoin. At Mt.Gox, about $827 USD, and $784 at Bitstamp — down from the high $800s this weekend.
So what happened? A panic sell, of course. There’s a rumor spreading on the internet that transactions to BTC China (which includes fiat withdrawals) may be banned in the very near future. This information comes allegedly from two payment processor CEOs in China, who later deleted their posts on Chinese microblogging site Weibo after triggering the panic.
There is reportedly a meeting with regulators to take place, at which point in time we will likely get more information. But for now, consider this just a rumor. We hold ourselves to a high journalistic standard and wish to not elaborate on rumors until they are proven absolutely true. (via Reddit)