Chinese factor or more straighforward: PBOC fud.
I think yea, China has large numbers of miners and traders also Chinese government policy about
there are impact on price and other altcoins,
the other factors that will makes change price is news bad news or good news because some traders
use analysis fundamental for making prediction.
china has the great number of population and it has also a great number of miners and traders but i think the mean power who controls it is it users and i think the mean factor for the rise and fall of the price is the users.the rise and up of the price will cause great effect on the traders to do investment it bitcoin or not.