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…
Read Full: Bitcoin Falls 3%; Ethereum Surges 6%