China is one of the major countries with power thus the reason most of these fuds affects the market even till today. But one of the funny things about China bans is that, since time immemorial they have been banning Bitcoin or cryptocurrencies, and till date they are still banning it, that is to say, all these are just fuds to manipulate the market because for them to keep coming up with news like this means their citizens are still very much involved with crypto and everything that concerns it.
Also, I came across a twitter post where it was said that, the ban was made since 15th and the news only appeared today, if such is right, it is enough reason to know that all these are just manipulation to shake off weak hands.
This is crypto where volatility is high and where opportunities are boundless, thus one need to make good decisions and hold on to coins that are worth it while paying little to no attention to all these fuds.