There is something fishy how the bitcoin market goes on. I guess the reason why bitcoin market fluctuated weeks ago is in preparation of China's declaration on blockchain technology. Remember they are the biggest miner of bitcoin and thus China has the ability to influence the market greatly. After the announcement of China the market recovered suddenly in big volume. I think its all a propaganda. They are behind the market fall and also the price recovery. I think its a strategy to show the world that their actions have huge impact to the world of cryptocurrency.

 I have no evidence on my claims since this is just an idea I came up when I tried to analyze some data. I dont speak of facts but of probability. But I do hope that I am wrong on these.

It's always gonna be better if there's a link provided to validate this claim about China's involvement in the recent price pump. If this news is true, I still dont see any relevance from this news to the price. Not unless, Chinese government will remove the restrictions and bans against bitcoin and other Cryptocurrency, including exchanges. That way people could easily accumulate Bitcoin without being bothered against the authorities, thus, this will surely will make a positive impact in the market due to massive buy out.

No one speaks of facts when it comes to crypto or BTC. It's all opinions and speculations; for now.

Damn, that's something new. I thought the biggest reason was due to it being praised by the chinese president and then making a huge annoucment they they would be entering the crypto-currency market, this puts a different spin on things.

I definetly would say that the broadcast showcased that China was fully accepting of Bitcoin and it's likely the government coordinated it like so, and a lot of investers that were only stopped due to China's restrictions if it where finally able to dump funds in the crypto-currency.

They've made a huge impact, the recent price pumps tells us China means buisness.

then why didn't bitcoin price rise up previous times where similar programs ran on the state television stations?
it seems to me like people are trying too hard to justify a simple price rise that is only a correction of a big drop that created a negative/reverse bubble. the fact that some program ran on TV in one country that many people may not have even seen it is not the reason why price went up, not to mention that even if "new people" were introduced to bitcoin, they wouldn't just run to buy bitcoin right away! specially since there aren't any exchanges left in China for them to buy bitcoin from!

Yep, that's big news. China allowing its 1.3 billion people to participate in this crypto market is a big game changer for Bitcoin and crypto as a whole.

We're not talking about a regular state program. It's a state program with a population of 1.3 billion. And If any Chinese state program broadcast something like that before, they didn't do it in the same day as President Xi's announcing they're embracing blockchain technology. 

China has always been a major stakeholder of cryptocurrencies and not just bitcoin alone. There are many cryptocurrency enthusiasts who are actively involved in what happens to bitcoin.Most people are wrong when they assume that due to the numerous regulation involving the use of bitcoin, they are not really concerned about the price of bitcoin.

A lot of chinese investors and citizens hold or mine bitcoin. i presume it is not a significant portion of their population, but enough to manipulate market. prices have been seen to fluctuate as the Chinese government put out news or provide a glimpse as to where they are on regulating bitcoin and blockchain. China has never been a friend to Cryptocurrencies. the entire concept is in direct opposition to their own domestic ideology of control, restrictions and regulations. A quick google search of their domestic economic policy should give you insight into how they're going to handle bitcoin and other Cryptocurrencies.

As policy updates from the government come out, people are impulsively triggered to act on it and this influences both local and global markets of bitcoin-fiat pricing. There also is lot of speculation on Chinese investors getting into mining and HODLing which eventually secures the network and drives up the price as more people adopt on a global scale. if the Chinese government declares war, say bye to Cryptos adoption, or at least expect a slowly adoption.

China has been cracking down on bitcoin and miners from few years and all of a sudden their support for blackchain is bit surprising and they do have miners but when it comes to investment there are other counties who have invested much more in bitcoin than China and I feel China is doing this just to control the bitcoin by having people invested and then again might threaten to ban it thus sending a panic selling waves across.