We don't like the news but it's already here.
China is a big part of crypto, so losing investors in China is really a big thing.
Bitcoin might struggle but it will continue to survive until it will recover and create a bull run again.
The restriction in China is not permanent, who knows they'll change their stance in the future.
Let's hope for that.
when one door closes another will open...
the miners there must have thought about what they should do next with their equipment, maybe moving to a country that is more friendly to Bitcoin is the best way and definitely, in countries that are friendly to bitcoin, the miners will be more shining and safe there.