I think there has to be an effect as stock market prices are affected by a lot of variables and one of them can drastically lower or higher its prices. Being banned its china really struck a blow to the development of bitvoin but there is still hope.

It did affect the spike, but i think its just another news to make people panic because few days ago there is another news about the banned is only the exchanger with the RMB Yuan. But the exchanger with USD still accepted, and i dont think it will last for long

I remember chinese volume represent something like 7% of global trading volume; Japan now is >50%.

So I don't think the impact will be that big.

As for the price, as you can see, it recovered already, that is a clear message from the market that the impact was not big.

I wish someone counted the times China has banned bitcoin. the number is lost throughout history. I have counted 4 times already that the Chinese have allegedly banned bitcoin and each time it affected the price greatly like this last week. of course each time it was a stupider FUD than the last. but the effects of the FUD have always been the same: https://bt.irlbtc.com/view/2187358.0

and it always disappears after a short while and bitcoin goes back to normal and starts rising even faster than before! because everyone has gotten a lot of profit and the FOMO begins when price rises and everyone accepts that it was really FUD.

The news from China certainly affected the price, thankfully now though all the weak hands have been shaken out & we are now returning to near the previous price. 

Why do people keep saying Bitcoin is banned in China? Exchanges and ICO are banned - not BTC. Two completely different things.

There are lots of discussion on this forum about relation between dramatic dump in bitcoin's price and FUD created by some chinese media house before official announcement. Yes china can easily affect market price because 30% of total trading volume comes from china.

China banning exchanges had everything to do, with price drop of all cryptocurrencies.

Where did you get your fake news, dude! I have not encountered such news until now when I see this post. Bitcoin banned in china? Did it actually happen? The last time I heard, Jihan Wu, the biggest BTC miner in china is even saying that bitcoin is still legal there.

Bitcoin isn't banned in China, There has to be a distinction between ICO, exchanges and bitcoin, which most newbies are finding hard to do.

The closing down of exchanges and the new regulations in ICO, did effect the price of Bitcoin and altcoins for a while, but the market is recovering slowly.