Even if the Chinese completely abandoned cryptos, the market would recover and carry on upward.
If they abandone cryptos, Russia will be the new China, V.P. loves cryptocurrencies. Chinese should buy and hold before the bad news
Not really, Russia seems to have a plan to regulate the cryptocurrency sphere completely and make it centralized instead of decentralized. So even if Putin loves cryptocurrencies all he's going to do is create centralized cryptos that are useless and worthless.
BTC is down quite a lot again today, perhaps because the recovery went too well yesterday(almost +$700 in one day).
I think that most likely price will stabilize at $3000-3500 for the month, before adjusting down to $2500-3000 next month.