Don't you think if the news from China had come earlier like 5 years ago, it would have crashed the emergence of cryptos. I think that was the news that saw bitcoin heading downwards.
Whats your view?
Definitely china had the lion's share in cryptos especially bitcoin during that time being dominant in bitcoin mining.Chinese played in manipulating bitcoin market as they wished.If China had taken such steps during that time,then for sure crypto market would have collapsed.