It is evident the cryptocurrency markets are slowly rebounding as we speak. This is a positive development, as the Bitcoin price saw a sharp dip over the weekend.
Right now, the Bitcoin price is slowly gaining a foothold around the US$4,150 level, which represents a 3.17% increase from yesterday. Whether or not this marks the beginning of a price reversal remains to be seen.
No one in the world of cryptocurrency is all too happy with the way the markets have evolved over the past few days. The (still unconfirmed) news that China had banned cryptocurrency exchange services spooked the market once again.
The rumor gained traction because it came on the heels of the confirmed ICO ban in the country.
Then again, until we have some official confirmation from Chinese government officials regarding the situation, it is safe to assume there is no ban whatsoever.