As the price of the original bitcoin has risen, the price of Bitcoin Cash has plummeted 67% from a record high reached last week. Photo: ReutersHong Kong: Bitcoin extended gains to a record, ignoring a split in the cryptocurrency over its future. Still, the price of the original bitcoin has risen. Meanwhile, the price of Bitcoin Cash has plummeted 67% from a record high reached last week, CoinMarketCap data show, bolstering the appeal of its older cousin. For now, Bitcoin Cash still pales in comparison to the original asset: the former has a capitalization of $4 billion, compared with the latter’s $53 billion, according to CoinMarketCap.

Source: Mint August 07, 2017 07:41 UTC