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Bitcoin plunges after upgrade is called off, but offshoot 'bitcoin cash' surges more than 40%
Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead. The offshoot digital currency surged more than 40 percent to its highest since Aug. 19, and was last trading near $947, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a minority group of developers decided to implement an upgrade in an effort to increase transaction speeds for the digital currency. Bitcoin hit a record high of $7,879.06 that day after the news, but quickly fell and was trading 9 percent lower on the day Friday afternoon near $6,500, according to ... (full story)
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- Nov 10, 2017 10:30pm Nov 10, 2017 10:30pm
- thelws
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- sidhujag
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- ingmarforex
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- Not-KPMG
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Beware of robber banks (RB), bad advisors.
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- Edited 8:56am Nov 11, 2017 8:31am | Edited 8:56am
- priceaction1
- Joined Apr 2013 | Status: Now I know you | 73 Comments
don't predict direction, but dance with flow of water