One of the reasons for the decline in the price of Bitcoin is because Chinese financial institutions have banned cryptocurrency transactions. This ban is the second time since 2017. But I believe that even though there is negative sentiment from China, the possibility of bitcoin prices rising again is certainly still there. Especially when considering bitcoin's strong and solid fundamentals and its limited number
It's been going on for a long time but the Chinese are Chinese they know what a real deal is and they know what technology to get involved in, even if the Chinese government is hard on Cryptocurrency, we cannot say that to Chinese living elsewhere we have to accept that Chinese businessman and companies will always have a part in this technology.