Currently the price of crypto is in decline and this is very influential from the news of the bitcoin ban in China, but as you said in the previous year something like this has also happened but it has not been bad for the crypto world and this year the value of crypto can reach the highest value even though it is currently back down to 50%, So we as crypto users do not easily believe the news spread at this time and we should also be able to take advantage of the situation when the price of coins drops to invest.
Let them ban bitcoin in their region , but let the world accept it , while China is doing such closure there are many countries opening their door to open arms accept crypto specially bitcoin.
They banned bitcoin but we have EL salvador adopting this, so what comes next? those anti China countries will offer something .
now the news circulating should not be directly believed, because every news is not certain to be accurate, many media want to seek fame, so in my personal opinion, if the Chinese problem prohibits all types of crypto in their country, I am very sure they will suffer a lot of losses, so I still can't believe that China banned all types of crypto in their country..
this was given already above that the news is legit and happening now.
So china bans bitcoin finally but the world is accepting this.