Bitcoin reached a fresh, all-time high today, surpassing $7,800 for the first time and moving ever closer to $8,000, the next key, psychological price level. The world's largest digital currency by market capitalization rose to as much as $7,815.03, according to the CoinDesk Bitcoin Price Index. Bitcoin Cash's Loss Is Bitcoin's GainBitcoin reached its latest high after altcoin Bitcoin Cash suffered a sharp decline, dropping more than 25% in under 48 hours, CoinMarketCap data shows. Most of Bitcoin's recent gains seem to have been at the expense of Bitcoin Cash, asserted algorithmic programmer Jacob Eliosoff. After developers called off Bitcoin's SegWit2x hard fork, which would have doubled the transaction capacity of the Bitcoin network, Bitcoin Cash surged more than 50%.

Source: Forbes November 16, 2017 20:03 UTC