It’s been quite a tough time for the cryptocurrency community lately. The whole China-against-Bitcoin thing resulted in the top cryptocurrency price falling. Now, the largest Bitcoin exchanges, such as ViaBTC and BTCChina, are closed.
However, it seems that over the past week, the Bitcoin price has fully recovered.
Thus, today, on October 2nd, the price of the top cryptocurrency surpassed $4,437, nearing the target of $5,000.
Bitcoin price chart on coinmarketcap.com
Thus, lately Bitcoin has demonstrated a rapid rate of recovery, rebounding from $3,500 to $4,430 in a span of less than two weeks. On top of that, the market capitalization of Bitcoin has increased from $59 billion to $73 billion.