Connect with us

Hi, what are you looking for?

Bnreport Business News Report

Finance

Bitcoin cash briefly overtook ethereum’s market cap

Bitcoin cash, the cryptocurrency hived off from bitcoin, has..

Bitcoin cash, the cryptocurrency hived off from bitcoin, has..

Bitcoin cash, the cryptocurrency hived off from bitcoin, has rocketed.

Bitcoin cash has shot above $1,900 according to coinmarketcap, more than double its value on Friday when it had already hit a three-month high.

It has been sent higher of the back of a proposed bitcoin fork being suspended.

Read more: Debate: Is bitcoin a better investment than gold?

The Segwit2x split was called off due to a lack of agreement in the bitcoin community. A previous split of the bitcoin blockchain has already gone ahead and created bitcoin cash.

Meanwhile bitcoin plunged below $6,000 early on Sunday morning, though has regained some ground and was at $6,224 at pixel time.

Bitcoin cash's surge had briefly put the market cap of the cryptocurrency at more than $30bn early on Sunday morning and above that of ethereum, making it the second most valuable in the world behind only bitcoin.

The Segwit2x fork was designed to increase capacity and the latest volatility comes amid a scaling debate.

Let's block ads! (Why?)

Original Article

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Finance

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Tech

Enlarge/ You wouldn't really want to use Nvidia's ..

Finance

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

%d bloggers like this: