Bitcoin price on the rise again after falling $1,000 in three days

• Both bitcoin and Ethereum showed signs of recovery Wednesday
• The two largest cryptocurrencies showed bearish signals after a Chinese crackdown on initial coin offerings
• The renewed rise appeared to meet analyst expectations

Two of the largest cryptocurrencies were seen to make a recovery after dropping significantly over the past few days. Both bitcoin and ethereum showed  bearish signals following a decision by Chinese authorities to ban  initial coin offerings (ICOs), which allow firms to raise funds by  selling new digital tokens. Bitcoin is now currently trading at $4,519.98, up 2.21 percent, according to Coindesk's price index; Ethereum, meanwhile, is trading at $326.87, up 4.37 percent.
The former, a highly volatile asset, fell to a low of $4,037 on Tuesday, shaving off $1,066 from its most recent all-time high of $5,103 on Saturday. 

Source https://www.cnbc.com/2017/09/06/bitcoin-price-on-the-rise-again-after-falling-1000.html