I don't think that. crypto hype is not and its not belong to Elon Musk or any famous other peoples. About the China issue, yes they are trying to ban everything but all of this investments going to the Texas USA. That means in future USA will control everything in this market.
Real talk. Yes, crypto isn't owned by Elon or by China but they really doing this that are making the market move onto their favor and that's a fact.
But whatever they say, that won't change the fact that the hype might be over soon and with things today, it's unlikely to be over and I think it's just getting started again.
There was their influence in making conditions like that day, but not all of them came from their overall contribution, there were other influences that made conditions like this topic of conversation, but the Elon or china effect had an impact, I think the hype is over for today and so on, because however hype is temporary, no hype can last long and repeat itself several times a year.