China controls over 50% of the btc hashrate meaning they can do a 51% attack on the bitcoin network
This is the reason why negative issues from China can give a serious impact on Bitcoin price. Yes, they have the power to influence Bitcoin price and crypto market trends. But they shouldn't have the power to take over or even control the Bitcoin network. They also mustn't attack the Bitcoin network, what for? Many people in China have a big number of Bitcoin. If they attack the Bitcoin network, they also get a negative impact. They mustn't do something that harms themselves.