Yesterday the price of bitcoin went down to $6,785 and it was the lowest price in six months. But it helped buyers and the price soon raise to $7,000. The reason behind the bitcoin price drop is due to the People’s Bank of China's announcement of cracking down the crypto exchanges in the country. The Chinese authorities have warned investors that not to mix cryptocurrency with blockchain technology. The last time when bitcoin went this low was in May at $7,134.