This is not the first time Chinese government worked against cryptocurrency but in the end cryptocurrency always prevail against them. I think there are people within China government that have interest in crypto and they always used their influence to manipulate market for their advantage
Exactly. I think this is an opportunity for some whales to buy cheaply and certainly the government already knows this. In my opinion this problem occurs every year and China has a great influence on the entire crypto market. Almost any news that appears in this country will cause the price of Bitcoin to fluctuate so it's best to wait for the better phase to invest again.