Digital Currency Bitcoin and Bitcoin Cash on a Higher Note
- Trade Magnates Team
- Nov 15, 2017
- 1 min read
Trade Magnates - Bitcoin digital currency and Bitcoin Cash prices moved higher on Wednesday on a recovery note trading at 6,890$ after the slump in Bitcoin prices over the weekend.
The fall in Bitcoin prices was as a result of the cancellation of the software upgrade that was planned last week, dropping bitcoin prices by 29%.
The upgrade was scheduled last week to increase the networks processing capacity increasing the number of bitcoin transaction that the network can handle.
The up movement of the Bitcoin Cash has increased its market capitalization becoming the third most valuable cryptocurrency, after Bitcoin Digital in the first place and Ethereum in the second which fell by nearly 013% to $333.90.