The most ominous Bitcoin trend

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/1Zo5iO7Jxkh7NS7TZaLX.g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/bitcoin-e1345563671249.jpg (http://news.yahoo.com/most-ominous-bitcoin-trend-005026152.html)Last week, Bitcoin’s value tumbled 9% in one day on news that China’s-central bank had ordered banks and payment companies to close trading accounts-belonging to-more than 10 exchanges. Since then, Bitcoin has crashed by nearly another 10%, now hovering-around $480. It’s a steep decline from the feverish highs above $1,100 last November. Ominously, general interest in Bitcoin is declining sharply, regardless of the recent turbulence. Google Trends shows that even though you would expect the break below the $500 level to generate a lot of curiosity, the search volume for “Bitcoin” is actually-far below-where it was in-late February, when the pseudo-currency dropped below $600. The drama swirling around Bitcoin is not dissipating at all. Recent items on Chinese central bank



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