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Sunday, August 20, 2017

'Bitcoin cash' surges 40% in single day as investors bet on its faster processing speeds

Bitcoin cash surges 40% in single day as investors bet on its faster processing speeds


The bitcoin offshoot, bitcoin cash, soared Friday after indications the alternative digital currency could achieve its goal of speeding up transactions.


Bitcoin cash rose 40 percent from Thursday's close of $460.53 to briefly hit $655 Friday afternoon, according to CoinMarketCap. That's the highest since bitcoin cash touched $756.93 on Aug. 2, the day after bitcoin split into bitcoin and bitcoin cash.


However, the volatile surge was even greater when considering bitcoin cash hit an intraday low of $293 Thursday before climbing to $460.53, according to CoinMarketCap.


Full story at http://cnb.cx/2x23rvZ


Source: CNBC


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