Bitcoin drops below $400
Adam Pike, News Editor
11 Apr 2014, 10 a.m.
Bitcoin has fallen below $400 for the first time since November following the news that Chinese bitcoin exchange BTCTrade.com has received notice that their bank accounts will be closed. The price fell $30 within just a few hours of BTCTrade.com making the announcement.
Bitcoins value has dropped drastically over the last few weeks following rumours that the Chinese Central bank are looking to ensure that cryptocurrenies are separated from the traditional banking industry.
Bitcoin is currently trading at $391.11 per coin.