However, Bitcoin surprising rally was destined to end. After surging to the $1,150 the digital currency tumbled the following day by 23% on January 5.  Most exchanges have recorded the price falling to $890. Bitcoin managed to bounce back from the latest low within the same day, recovering to the $1,002. It looked like the price turbulence has settled down, but the announcement of the Chinese Central Bank opened the doors for the bearish sentiment.

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