Bitcoin Cash breaks $1,000

The new offshoot of Bitcoin has dropped in value after reaching a record high which saw the cryptocurrency peak at over $1,000. Last month, a group of Bitcoin miners implemented a hard fork of the blockchain and as a result Bitcoin Cash was created. On Friday of last week, the offshoot was able to surge by 40 percent in a single day and it reached $600. However, Bitcoin Cash has also been rather volatile during its short existence and it went as low as $293 on Thursday. The new cryptocurrency quickly become the third largest digital currency in the days following its launch, before… [Continue Reading]