Bitcoin Turns Positive, Bitcoin Gold Plunges 65% on Trading Debut

Investing.com – Bitcoin turned positive on Wednesday a day after a split in its blockchain created a rival an offshoot coin called bitcoin gold.

On the U.S.-based Bitfinex exchange, bitcoin rose to $5,519.8, up $9.9, or 0.18% but remained well below its recent peak of $6,190.

Bitcoin struggled to hold onto gains following the fork of its blockchain, which created a new rival cryptocurrency bitcoin gold.

The newly minted digital currency, however, suffered a slump on its official trading debut, falling more 65% to around $133 amid a lack of support from the community including well-known cryptocurrrency wallets – a software program where cryptocoins are stored…

Read Full: Bitcoin Turns Positive, Bitcoin Gold Plunges 65% on Trading Debut