It is not a mere statement what is causing the price of all the coins in the market to go down, this means that from now on they are going to take actions against all of the people that somehow are dealing with cryptocurrencies, this is a problem because as we know there are many Chinese citizens that invested in bitcoin and did so precisely to try to escape all of the measures the government was implementing, and now they do not have this opportunity anymore.
There are still opportunities like going underground and other ways to get away with this crypto ban.
However, it will be a big risk for our Chinese investors, so they need to be very careful if they go on this route. Or take their crypto with them, go to US or any other nations that at least the government is friendly. This is their last resort, but for sure many of them are already thinking this way. The thing is, why they have to wait for a total crypto ban before living this oppressive government?