Bitcoin price drops 5% as New China rumors stoke trading

After weeks of gains, the price of bitcoin fell back today, dropping roughly 6% on unconfirmed reports that Chinese regulators may soon take measures to restrict domestic exchange activities. First reported by Bloomberg, the news source is said to have published a report detailing how Chinese officials could soon prohibit domestic bitcoin exchanges from moving certain volumes of bitcoin and other digital currencies abroad. Read more: coindesk.com