The bitcoin recovers from criticism.

The bitcoin has for the first time exceeded a mark of $4400 for the last 3 weeks and offset losses from decline in the rate owing to Jamie Dimon's words that "the bitcoin is a fraud" and also from closing of all cryptocurrency exchanges of China.

The world of cryptocurrencies needed a little time to wave away from hypocritical slander of Jamie Dimon about the decentralized currency which could "undermine" directly his business with milk cows; and, besides, as reports The South China Morning Post, the market of bitcoins in China is alive and healthy, and traders throw down a challenge to tough policy.

As reports to SCMP, several weeks later after Beijing has forbidden fund raising by means of start of tokens and I have ordered to close some bitcoin of the exchange, having frozen the cryptocurrency industry in the country, traders claim that the market of digital currencies it wasn't succeeded 'to kill' so far.

While several exchanges declared that they will be closed by the end of this month, traders pass to purchase and sale of bitcoins directly again – with use of p2p of the markets and messengers.

In spite of the fact that repressions have dissuaded the most part of less skilled investors from participation in trade, participants of the market consider that the Chinese regulators, eventually, will face a problem of control over branch where many users are anonymous and it is difficult to trace them.

For a short-term outlook the same rigid steps of the Chinese regulators have created a possibility of arbitration for skilled investors, and the bitcoin price in China trades below a nominal rate in comparison with the foreign exchanges now.

They can't establish rules, preventing me to invest in the fact that I want. They say that they protect me. However so far I decide that it is good for me or it is bad, and they have no opportunity to interfere" — the investor by the name of Ye Guang who has refused to give the full name says the Chinese bitcoin, referring to censorship. "I can be engaged in off-exchange trading, or I will go to offshore … My purse is my purse. I never gave the data to them".

More than 15 exchanges — including three largest players of OkCoin, Huobi and BTCChina, declared since then that they close the enterprises in continental China by the end of September.

According to the Coindance website, trade on p2p the markets has sharply increased. Beginning on September 16, in comparison with previous to it week, the trading volumes in China on the off-exchange LocalBitcoins platform more than have doubled, having risen to 74 million yuans.

Trade has reached record level during a week which has begun since September 23 and has reached 115 million yuans.

The fact that trade in bitcoin still continues, demonstrates that China doesn't want to liquidate cryptocurrency, but reorganizes things so that it is better to control them" — Marshall Svatt, the founder of the New York company Coinsetter, bitcoin of the exchange acquired by Kraken (San Francisco) in 2016 says.