Everyone will agree yesterday was one of the wildest and most fun days in all of cryptocurrency. It doesn’t happen all that often the Bitcoin price drops sharply and recovers a lot of lost value in the same day. Things were looking pretty bleak about 24 hours ago, but right now, the Bitcoin price is back at $3,750. Whether or not this is a permanent bounce, remains to be seen. Bitcoin Price Crashes and Bounces Back With the main Chinese cryptocurrency exchanges suspending trading immediately or in the near future, there was a lot of panic in the Bitcoin market.