Bitcoin eases from highs, Ethereum snaps 4-week losing streak
Investing.com – Bitcoin rose on Friday, easing from near record highs as investors cheered data showing the majority of bitcoin miners had signalled their support for a key proposal aimed at improving the bitcoin network, averting recent concerns of a potential split in the digital currency.
On the U.S.-based GDAX exchange, Bitcoin rose to $2,694.2, up $84.2 or 3.20%.
Bitcoin had earlier spiked to $2,957, just shy of its record high of $3,000 achieved in June, after data showed that 93% of Bitcoin miners threw their support behind SegWit2x, a proposal aimed at speeding up transaction on the bitcoin network.
Ethereum, however, failed to capitalize on bullish investor sentiment, falling 1.76% to $218.48 but remained on track to post a weekly gain, following its plunge to $130.26 on Sunday.
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