Bitcoin at highs as fears over potential split ease

Bitcoin at highs as fears over potential split ease

  • Investing.com – Bitcoin remained at highs on Thursday, as sentiment spiked higher following growing expectations that a key proposal aimed at improving Bitcoin’s scaling capability would garner enough support, averting a potential split in the digital currency.
  • On the U.S.-based GDAX exchange, Bitcoin rose to $2,659.0, up $400.9 or 17.86%, making up recent losses, after data on Monday showed 80% of Bitcoin’s mining power, including AntPool, BitClub, Bixin, BTC.com and BitFury, have signaled support for proposal Segwit2x, which would allow the bitcoin network to scale more efficiently.
  • Ethereum followed bitcoin’s move higher, rising to $225.41, up 8.89%.
  • Despite the recent rally, following its collapse to $130.26 on Sunday, Ethereum remained well below its all-time high of $419.3.
  • The dip in Ethereum from its all-time high has seen its market capitalization fall to $20 billion, well below bitcoin’s $43 billion, reducing investor expectations that Ethereum would be the alternative digital currency that usurps bitcoin as the best capitalized cryptocurrency.

Investing.com – Bitcoin remained at highs on Thursday, as sentiment spiked higher following growing expectations that a key proposal aimed at improving Bitcoin’s scaling capability would garner enough support, averting a potential split in the digital currency.
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