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Tuesday, November 14, 2017

Crypto News: Bitcoin retains its crown as crypto king — but issues still hang over the cryptocurrency

Bitcoin retains its crown as crypto king — but issues still hang over the cryptocurrency

Bitcoin crashed more than 25% from Wednesday's all-time high of $7,721 a coin to a low of $5,617 Sunday. During its fall, bitcoin's market cap as a percentage of the entire crypto-market dipped below 50% for the first time since early October, according to CoinMarketCap.com.

Bitcoin cash, on the other hand, witnessed an impressive rally that propelled the coin to a record-high of $2,500 early Sunday morning. Its share of the market rose to an all-time high above 17%.

By Monday morning, however, the situation was flipped.

At 9:40 a.m. ET, bitcoin was trading up 10.9% at $6,544 and had regained its more than 50% command of the cryptocurrency market. Bitcoin cashwas trading down 20% at $1,262 per coin.


Full story at http://read.bi/2AFF0VY


Source: Business Insider Nordic


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