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Bitcoin plunges after upgrade is called off, but offshoot 'bitcoin cash' surges more than 40%

From cnbc.com

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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