Bitcoin Goes Berserk Over Segwit2X Cancellation, Loses Quarter of its Value
Cryptocurrency Upheaval - The cryptocurrency market is experiencing a complex shakeup this weekend, with a recently created digital token called Bitcoin Cash (BCH) up nearly 130% in two days, even after retreating substantially from an even bigger spike. Meanwhile, the original Bitcoin (BTC) is down by roughly 15% over the same span. Bitcoin Cash’s total market value, after briefly overtaking Ethereum’s to make BCH the second most valuable cryptocurrency, now stands at $25 billion. Read More Here
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Bitcoin Claws Back After Losing Almost Quarter of its Value - Bitcoin surged on Monday, recovering more than $1,000 after losing almost a third of its value in less than four days as traders bought back into the volatile cryptocurrency.
Bitcoin tumbled in the second half of last week, falling as low as $5,555 on the Luxembourg-based Bitstamp exchange on Sunday, a slide of almost 30 percent from a record high just shy of $7,900 on Wednesday. BTC=BTSP.
It rebounded on Monday, trading up more than 14 percent on the day at $6,718, though that was still more than $1,000 less than last week’s record high. Source: Reuters
- Aaron Goldstein, Gambling911.com
