In my opinion, China market is one of the reasons which made Bitcoins price down. In fact, price declines strong because many people sell it too much. There are 2 cases: firstly, the big investors feel Bitcoin has risen enough and may make a profit, so they simultaneously sell. Secondly, there is an exchange that is hacked and stolen Bitcoin.
I just heard this information, if it is true then China is a country that has a very large population value and has a large number of Bitcoin users so that this will definitely affect the price of bitcoin globally. Hopefully this can go much better and there are still many positive sentiments that might make a much better movement. The Chinese country should do something soon because if this continues it could be the price of Bitcoin continues to decline and this will be bad impact of course.