The bitcoin rate fell by almost five percent in a day. This is evidenced by trade data. The price of the most popular cryptocurrency dropped to 57.3 thousand dollars – this is an anti-record since October 28. At the time of this writing, the rate has recovered a little bit, and now bitcoin is trading at a price of 57.5 thousand dollars. The capitalization of the first cryptocurrency fell to $1.09 trillion.

Bitcoin is falling in price against the background of news of new measures to combat cryptocurrency in China, where mining and any operations with crypto coins were banned in 2021. In November, the government warned state-owned enterprises against cryptocurrency mining. It is also reported that the authorities are preparing new punitive measures, one of which is the introduction of higher electricity prices for companies that continue to ignore the ban on mining coins.