Published on November 13th, 2017 | by bitcoin0
Bitcoin Falls and Then Sky Rockets in Wild Weekend Events – Bloomberg
Bitcoin cash, an alternative that split from the original bitcoin in August, has jumped about 19 percent since Friday, according to data compiled by Coinmarketcap.com.
While markets had been focusing on bitcoin’s more than 500 percent surge this year, bitcoin cash was gaining popularity because of its larger block size.
Supporters of bitcoin’s technology upgrade “are now switching support to bitcoin cash,” said Mike Kayamori, head of Tokyo-based Quoine, the world’s second most-active bitcoin exchange over the past day.
On the other side is bitcoin cash, which allows its blockchain to handle eight times as much data as the original.
While bitcoin cash surged over the weekend, it hasn’t been a straight line up.