Chinese exchanges still trading.

When the Chinese government does something, it usually is action first, explanations later. If this were a true "ban", then the Chinese exchanges would be immediately shuttered.

This is not the case.

Just another small-tier financial rag in China spreading fear with little cross-citation by larger financial publications. Even if China did decide to go back to ox-carts, longer term it wouldn't matter much to Bitcoin.

A couple hundred bucks in a swing is nothing at all in BTC land.