Bitcoin traders have got a couple of things right lately. The digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to the market, while limiting the supply of new coin offerings.
Most cryptocurrencies traded sharply higher on Wednesday, following recent news that U.S. and Japanese regulators are getting serious about writing the rules for the cryptocurrency markets. Bitcoin prices held above the $4,000-mark, close to 30% above the recent low.
Source:
https://www.forbes.com/sites/panosmourdoukoutas/2017/09/27/bitcoin-prices-firmly-above-4000-without-china/#27e3bb7e6149