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  • Safi Bello

Bitcoin Hits Record Just Days After a 29% Plunge

Bloomberg -------- Bitcoin hit another record high, just days after a plunge of as much of 29 percent tested the confidence of advocates of the cryptocurrency. After erasing as much as $38 billion in market capitalization Monday following the cancellation of a technology upgrade known as SegWit2X on Nov. 8, the largest cryptocurrency came roaring back in to set the latest high. While multiple reasons have been cited for the price volatility, one of the more viable is that some investors were switching to alternative coins. Bitcoin cash, an offshoot of bitcoin that includes many of the technical upgrades being debated by developers, had more than doubled in the same period. To learn more click on the picture below to read the article.

Bitcoin Hits Record Just Days After a 29% Plunge - Read More from Bloomberg

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