It recovered when it became evident that China won't be banning Bitcoin outright and now it's below $400 again. Any theories as to why?
While they may not be banning bitcoin, it does appear that they're set to ban bank accounts that trade in btc. More people looking to cash out their holdings into fiat while they still can I guess.
True, but that news appeared to already be digested and the recovery had started. Oh well, nothing to do but wait it out. Damn China caused some serious damage.