This will always affect the market , everytime China making such statement and movement always turns negative but of course for me? this is a good scenario because all the time that they make such statement i come to buy more coins.
because they are the biggest mining country in the world so what would be their main objective having this opinions?
of course to make money in market.
It is also obvious to me that this is a manipulation in order to buy bitcoin at a lower price. In fact, Bitcoin is now recognized by large funds and organizations and its value will grow in the future. Therefore, more and more people want to invest in it. And it is reasonable to buy on the market correction, because the price always rises to its maximums and growing higher.
There's no news in the mainstream that confirms about this fud only those paid article creators release this so we should not believe on such words since I don't believe that china will crack down bitcoins since its a multi million 8f not billion dollars industry.
But since the market is now back in shape its better to buy again and hold for long term.