Overview

• Viral rumors on social media triggered a brief dip that saw Bitcoin fall below $113,000 before climbing back above $114,000.
• Coindoo and AMBCrypto report that no official announcement confirms any new ban, leaving China’s 2021 prohibition on institutional services unchanged.
• Industry figures such as Su Zhu and Dr. Clemen Chiang have highlighted zero evidence for the latest ban claims, calling them recycled FUD.
• China’s personal ownership and peer-to-peer transactions remain legal under existing rules, even as sanctioned mining and trading services stay restricted.
• Observers say recurring rumor cycles are driven by social media narratives and tie into China’s broader push for its central bank digital currency.