Although the Chinese government restricts the use of cryptocurrencies, large investors from China still continue to invest in this market. So large investors still believe in the potential of bitcoin. This is a good sign. I think this news will affect the market.
Well i don't think the restrictions can affect large investors in china since they can probably invest from outside. The chinese i think are highly into crypto even with their government not in favor of it. Probably one day even jack ma will be drawn to crypto who knows.