Btc falls over old fud from china (updated)

As I'm writing this BTC price has fallen 8,34% in a small time window and shows no signs of stopping. Why? Supposedly because we had some new statements from China officials that resulted in BTCs price loosing around $2k. As Bloomberg noted 

China’s central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.

Near the end of Bloombergs story there is also this funny bit:

Vijay Ayyar, head of Asia Pacific with cryptocurrency exchange Luno in Singapore, said that while the Chinese government has made similar statements in the past, it is “a slightly nervous environment for crypto with the recent SEC comments and overall macro environment with the Evergrande news. So any comments of this nature will cause a sell-of in risky assets.”

Well, I must say the sell-of did happen, so good for you Bloomberg readers, but is this really any news? Here is an more detailed pice abut what what China’s central bank said (by Trustnodes.com) and it provides the translation and the direct link to the Chinese statement. It seems that Chinese central bank reiterated its policy which has not changed for last 5 years. That's the news, or rather non-news. If you are in cryptospace longer than a week, are you really surprised "crypto is not welcomed in China"? Yet, since mainstream media mindlessly spew this again and again to mach required news-quota this still causes FUD. 

As always, DYOR, you can trust one source or the other, but since Bloomberg fails to point what exactly suppose to be new about China's policy and their commentator frames it as "similar to statements made in the past", I lean towards believing this is just a bag of FUD. If I were to put my tinfoil hat on, I would say someone is pissed Twitter did not announce when they will roll out BTC tipping (they just did) and wants to fill his bags of BTC cheaply, but fortunately my cat shreds all my hats into pieces, to remind me that I should stick to the facts. The facts are BTC options expire today (around 70000 BTC worth). If you never seen a weird price movements on expiry date you are new here, or you didn't pay attention. 

EDIT: Now the statement is here. I don't know Chinese, but if you just scroll down, you can see the date of publication. Its 15.09.2021. Such hot news, so fresh info, much rspect Bloomberg.

For me, it smells like a cucumber.

CryptoCat

All tips go to cat treats and catnip :) 

Zen Faucet - dropping once a day, straight to your wallet, without min. withdrawal or transaction fees
Farsite - game with NFTs that hold value, you can read about it HERE

This is not a financial advice – I’m no financial adviser, nor is this a legal advice – although I’m a lawyer. This is no advice at all, seriously, don’t take advice from random cats – the Internet is full of them! DYOR!