The bitcoin, at historical highs, and low bitcoin cash

soyjorge (41)in #bitcoin • 7 years ago

Bitcoin prices have risen on Thursday, again nearing record highs of about $ 3,500 per coin recorded this week, while bitcoin cash has gone down.

Bitcoin stood at 3,393.3 USD on the Bitfinex platform in the United States, up 1.03% or 34.7 USD from the previous close.

On Tuesday it reached the level of USD 3,482.9, the latest in a series of record highs.

Bitcoin has already more than tripled its value this year, advancing around 15% so far this month.

Historical highs recorded on Tuesday occur after the bitcoin block chain adopted a new software called Segregated Witness, or SegWit, which will improve the transaction speed of the bitcoin network.

The development of SegWit, which will take two weeks to be fully implemented, is considered a milestone for bitcoin.

The software has been developed as a solution to the growing problem of cryptocurrency, which led to a fork or hard fork on August 1 when the bitcoin block chain split into two, resulting in bitcoin cash.

Meanwhile, bitcoin cash also lost positions, leaving 2.53% or 8.00 USD up to 308.00 USD as traders have sold the cryptocurrency massively to dedicate to bitcoin.

Recent gains from bitcoin have been due to fears surrounding a cryptocurrency.

Regarding the trade of other cryptocurrencies, ethereum, bitcoin's main rival in terms of market capitalization, rose 1.66% or 5.01 USD to 306.08 USD.

Image taken from GOOGLE.