Is this a reliable news article? It seems the news does not have anything solid to say. It is purely speculation. This is like one of the many crypto-related articles that are published on online news sites for the sake of having released a new article.
It even says, "China’s plan to crash the Bitcoin value appears to have backfired." I doubt they have a source for this claim. Did China plan to crash Bitcoin's value? Was there such intention as this from China?