Cryptocurrency-related advertisements have stopped appearing on Chinese search engine Baidu and social media platform Weibo, amidst reports of Chinas government tightening cryptocurrency and Initial Coin Offering regulations on Sunday, Feb. 4.
The Financial Times of the Peoples Bank of China (PBOC) was told today, Feb. 4, that China will further increase regulatory pressure on cryptocurrency exchange sites and Initial Coin Offerings (ICOs), Chinese news site Sina reported.
Seems cryptocurrency will not recover so much in a short time...
It's look like worldwide government conspiracy.... Rage Against The Crypto (c) Every day we have news that press down crypto prices
But may be it's just a 'BIG market manipulatng'?
no, the market price can't be manipulated. the price of crypto is influenced by supply and demand, so it is difficult to manipulate it. if the Chinese government restrict crypto, it means the Chinese government is the one who conspires. they might do that and make an issue about crypto that makes the crypto demand decrease. when the demand on crypto decreases, the price of automatic crypto will also decrease.