Bitcoin Up, Transactions and Fees Down, Following “Off-Chain Scaling” With Bitcoin Cash

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Mark Mason

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Feb 24, 2017
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Bitcoin Up, Transactions and Fees Down, Following “Off-Chain Scaling” With Bitcoin Cash



Bitcoin is up in value since the chain split to Bitcoin Cash, and transaction volume and fees have both dropped considerably as well.

Bitcoin Cash reached a pre-fork high of $424, before taking a dive to $216 as trading began on markets. The price then shot up to an all-time high of $756 before falling again to just about $200, now on a recovery to about $260. As a whole, the Bitcoin Cash fork is valued at about $4.3 billion.

Meanwhile, Bitcoin has had an eventful week as well, falling to just under $2,700 during the fork, and since then has experienced a surge over the weekend, rising to an all-time high at present of $3,380. Since the fork, Bitcoin and Bitcoin Cash combined have added a total of around $15 billion in value.

Read more: https://www.dashforcenews.com/bitcoin-transactions-fees-following-off-chain-scaling-bitcoin-cash/

 
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