No matter the kind of people they are, banning is something they should already know by now can never be effective, considering the level at which the cryptocurrency market has grown over the years. Apparently, they will notice how the whole nation ends up turning deaf ears to them and they will as well be forced to just regulate it or keep their mouth shut forever. One of it must definitely happen in the long run.

The market has always been independent of most of these things, but some people always let their emotions drive them into letting it have an effect on the market. I would not blame anyone though, since traders are the market makers and they will always expect the market to react to news. However, China does not have any hold on the crypto space, and any news that comes out of there is always full of shit.