Bitcoin Cash Prices Rose While Bitcoin Fell After Reaching Record Highs Earlier This Week
- Trade Magnates Team
- Nov 23, 2017
- 1 min read
Trade Magnates -Bitcoin cash price rose on Thursday while bitcoin fell after reaching its record highs this week at $8,380. Bitcoin cash appreciated to $1,577, 21.50% increase while bitcoin was down to $8,097.
Bitcoin cash prices rose after bitcoin alternative was integrated with Bitwalla, a digital wallet provider, and the exchange Bitstamp on Wednesday as well as recent proliferation of initial coin offerings.
Bitcoin has risen more than 700% this year with a market capitalization of $136 billion, a very volatile and incredible increase in trading instruments. However, this rise has triggered investors’ fears over an asset bubble. The digital currency is still rarely used to purchase actual goods or services, keeping it under traders’ speculations.
Ethereum, the second most valuable cryptocurrency by market cap after bitcoin, was up around $400.85, while Bitcoin Gold jumped $275.40.