On 11 may, the exchange rate of bitcoin, the last two weeks remained above $9000, dropped to $8500, according to Bloomberg. This happened amid reports about the searches in the office of the largest cryptocurrency exchanges South Korea Upbit and new actions of the Trustee of the Mt.Gox , Nobuaki Kobayashi (Nobuaki Kobayashi).

Information about the investigation activities Upbit renewed fears related to the fact that more regulation of cryptocurrencies around the world can damage business and reduce the enthusiasm for digital assets.

On Friday, the bitcoin exchange rate dipped to 6.4 percent, reaching its lowest level in the last three weeks – $8,508. The Galaxy Crypto Bloomberg Index that tracks the largest cryptocurrency dropped by 14%.

The media also reported that on 10 may the head of the Board of Trustees of Mt.Gox Nobuaki Kobayashi, under whose control are the wallets of the bankrupt exchange, brought with them 8200 BTC or about $73 million at the time of the alleged sale. If he sells cryptocurrency through exchanges, is not known.

According to CoinMarketCap, on the morning of 12 may (about 9:30 UTC) the rate of BTC reached a minimum level of $8223,5, and then began to rise again.

As of 10:15 in Kiev the average rate of bitcoin stood at $8324,42, and the total capitalization of the stock market – $372 billion.

Bloomberg analysts say that the fall of bitcoin is part of a broader sell-off in the cryptocurrency market.

Recall that in late April, with purses of Mt.Gox was removed 16 000 16 000 BTC and BCH.

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