The latest FUD is exactly that, Fear Uncertainty and Doubt...

In the latest of the "kick bitcoin while it's down" trend, Reuters reported that China was enacted a fresh ban on bitcoin.

While it wasn't really a ban on bitcoin, it was more of a ban on banks etc offering it to their clients.

However, it is looking like that isn't even what happened...

(Source:

There's been a couple sources also refuting the claim, one of which can be seen here:

https://cryptonews.com/news/another-year-another-crypto-ban-in-china-10358.htm

So, while this isn't good news by any stretch, it's technically not really news.

This is simply something being restated that was already said months and months ago.

Which means the market shouldn't really be reacted to it.

I think we are already seeing that play out as about half of the dip on the news has been retraced.

Hopefully this starts circulating and people realize that China didn't do anything new.