I don't disagree, many organizations or investors want in at lower prices. They can manufacture the news as they wish and push fear to get their price...they load up....and then all is good with cryptos....until the next fall. Rinse and repeat.
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Classic pump and dump. These markets are all so tiny and easy to manipulate.
But the China news is real. Better suck it up and deal with it. Personally, I do not mind if scams/low quality ICO's stay of the market this way.
These down cycles cab extreme but short as others are thinking long term an lower entry points...my guess.