We have witnessed the huge bitcoin crash as its value dropped 900$ in just a short span of time and many have panicked. Altcoin holders have also sold their coins and the market becomes bloody since red colors signaling the drop of value of almost all altcoins.
But starting June 2017 we have seen the steady rise of bitcoins value. The value was recovering and it was possibly due to the Chinas big exchanges. According to the article I qouted the biggest exchanges in China was already allowed to process withdrawals and that has caused bitcoin to rise again.
Isn't it an irony since the bubble before was cause by Chinese exchanges but today the bitcoins crash was saved by the Chinese exchanges also.