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The Bitcoin Crash \u0026 China�s Crypto WarTable of Contents. Chinese stock market crash; Stimulus is what bitcoin thrives on; Potential $BTC breakout; $44, on the horizon. Bitcoin is. While China cracked down hard on bitcoin, ethereum, XRP XRP % and other cryptocurrencies in , it has stoked the crypto market in Hong. El Salvador Vice President Felix Ulloa said that China had offered to buy country's $21 billion in foreign debt as part of free trade deal.