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.
I am exactly not sure what made the price recover so soon,but one thing i know is that the scaling debate and the bitmain's proposal made an impact in the price and people started panicking and started selling off and i am not sure what made the market to recover so soon,may be there are investors pumping money in it and i am still not certain whether the Chinese removal of restrictions imposed by those exchanges made any impact.