Bitcoin Soars to Record as Buyers Look Beyond Miners' Split
- Price of the new Bitcoin Cash plunged over the past week
- Buyers look to activation of SegWit2x to resolve issues
What Bitcoin's Split Means for Traders
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Bitcoin extended gains to a record as the cryptocurrency makes strides in putting the scaling debate behind it.
The digital currency jumped as much as 21 percent to an unprecedented $3,423.37, even after bitcoin’s division last week. The debate has revolved around how to upgrade its underlying technology. Most of the bitcoin ecosystem supports a solution called SegWit2x, while those backing a different scaling mechanism called Bitcoin Cash split into a different blockchain last week.