Bitcoin Falls 3%; Ethereum Surges 6%

Bitcoin fell on Thursday as traders expressed disappointment at the cancellation of a controversial upgrade to the popular digital currency’s underlying software which would have potentially led to the creation of a new cryptocurrency.

On the U.S.-based Bitfinex exchange, bitcoin fell to $7169.2, up $277.8, or 3.70% well below its recent high of $7895. Bitcoin’s market cap fell to 119.96 billion.

Developers behind the SegWit2x upgrade announced Wednesday that they were suspending plans for the upgrade, which was slated to activate around November 16…

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