Yes, and it has caused quite a panic.

Markets are extremely fragile when growth happens so fast like the previous few months that it was starting to resemble a bubble. The correction was really going to come sooner or later, with or without news from China. Seems like Jamie Dimon's message about bitcoin plus BTCChina shutting down soon has proved too much.

Panic dump has stopped and btc is up 15% from yesterday to $3600. We could potentially go higher, and overshoot $4k this month.