This is the THIRD time that china has "cracked down" on crypto. What they are really doing is manipulating the market to buy at lower prices.

It is amazing to me that a country can pull the same stunt three times, and have it work every single time. China has "banned" crypto in different ways three separate times. In 2013, 2017 and now in 2021. They are doing this in order to manipulate prices downwards, for better buy in prices for themselves.

If china really wanted to ban crypto they would have done so already. They have a massive vested interest due to their bitcoin miners, all they are doing right now is manipulating the price for a better entry point.