17 Mar '17, 12pm

Nearly $2 billion has been wiped off bitcoin's value in three days all because of a fork - CNBC

Nearly $2 billion has been wiped off bitcoin's value in three days all because of a fork - CNBC

Just under $2 billion has been wiped off the value of bitcoin in under three days as a fight over the future of the technology underpinning the cryptocurrency wages on. Bitcoin was trading at around $1,142.60 at time of publication, giving it a market cap of $18.53 billion, according to CoinDesk data. This is down from highs of $1,255.32 on Tuesday, which valued the total bitcoin pile at $20.36 billion. Meanwhile, rival cryptocurrency ether is up over 84 percent from highs of $29.87 on Tuesday to trading at all-time highs of around $55 on Friday, according to Coinmarketcap.com. The market captilization shot from $2.68 billion to $4.95 billion. It is the only other cryptocurrency to be valued at over $1 billion. Much of the inverse price movement stems from traders' worries over the future of bitcoin and the underpinning blockchain technology. What's happened? To understand...

Full article: http://www.cnbc.com/2017/03/17/bitcoin-price-blockchain-f...

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