Baidu, the biggest engine searchof China, announced this week that it will no longer accept transactions with the digital currency. The announcement caused an outcry drop at its price bitcoin. The announcement, which posted on her website Baidufollowed by a decision taken by the central bank of China to ban the financial institutions in the trading country Bitcoins.
The price of bitcoin, reached 1.000 dollars for the first time, late November and a little later it reached 1.200 dollars. Immediately after, it dropped sharply to 700 dollars. The parity fluctuations are shown in the diagram below created by Blockchain.info
Meanwhile, in BTC China, the country's largest bitcoins exchange, the price of bitcoins has fallen below 700 dollars. The chart below, from Bitcoincharts.com, shows the fall, as estimated in Chinese yuan.