Cryptocurrency News / 23 August 2017 / Quick Recovery! Bitcoin Is Back Above $4000 Again
Bitcoin dropped below $4,000 yesterday, quickly reaching $3660 at around 5:00 AM UTC. Whatever caused the crash, it didn’t last long, as Bitcoin started to recover immediately after reaching its 12-day low and is now sitting at $4110. The quick recovery may be linked to the upcoming SegWit activation that will take place tomorrow.
Having risen 12.50% today, Bitcoin's trading volume is also higher than usual with $555.19 M exchanged in the USD/BTC markets in the last 24h. As usual, Japan is leading the markets in trading volume with a 45% market share.