A large Chinese foreigner said that he is shutting down, after which Bitcoin is still going down

bitcoin prices dropped by 7%, when one of China's largest exchanges said they would stop their operation.

BTC China on Friday said in a tweet that it will close its business till September 30, because Chinese officials,
China is strengthening its hold on the rising currency On September 4, Chinese micro-outlet Kykines told that regulators had banned companies from collecting money through the initial offer (ICO), in which they had unauthorized fundraising equipment , Which may include financial scandals. .

Since then, its value has fallen by more than 20% in bitcoin