The bitcoin rate fell to 57.3 thousand dollars 
The bitcoin rate fell by almost five percent per day. This is evidenced by the data of CoinDesk.
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 somewhat, 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 amid news of new measures to combat cryptocurrency in China, which banned mining and any operations with cryptocoins in 2021. In November, the government warned state-owned enterprises against mining cryptocurrency. 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.
In early November, bitcoin broke records in value. On November 10, the first cryptocurrency peaked at $ 69K. Experts expected that bitcoin will continue to grow, and its value by the end of 2021 will amount to 100 thousand dollars.