Cryptocurrency market recovers after China’s ICO ban

Bitcoin is already recovering after falling. Cointelegraph reported on that recently. As China banned initial coin offerings (ICO) by September 4, it resulted in fallıng value of the cryptocurrency down to $4,008. On that background the price is a volatile and currently circling around $4,300. However, the top-20 altcoins are showing signs of reversing losses too. As already known, China has banned all ICO due to the pyramid or scam risks and claimed issuing and offering coins by non-banking organizations to be illegal. After the ban, related startups should return the amount to investors, which is already done by many of them.

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