download

Within the last weekend, the bitcoin exchange rate grew over the $3,325 mark. It is another historical maximum for the world's most popular cryptocurrency.

The capitalization of bitcoin has exceeded $54 billion. Bitcoin began to grow on 4 August. In the morning on 4 August the rate of this cryptocurrency fluctuated around $2,800, and early in the morning on 5 August bitcoin overcame $3,000, and then within the day it several times crossed the $3,000 level.

According to Bitcoinity, the volume of trading on 5 August was almost 250,000 bitcoins. That is almost two and a half times higher than the trading volume during previous days. According to CoinMarketCap, the total capitalization is again approaching $114 billion. The share of bitcoin in the total capitalization is 47.7%.

The reason for bitcoin growth hides in the successful implementation of a hard fork, which was held on 1 August. The hard fork did not cause significant problems in the main bitcoin chain. But that cannot be said about the alternative token, Bitcoin Cash, born after the hard fork.It was not the only one problem that the newly born cryptocurrency suffered from. Users noted that the confirmation of transactions in the alternative bitcoin network took several hours. The Bitcoin Cash mining also proved to be unsuccessful: the network has a high level of difficulty, and the miners refuse to deal with Bitcoin Cash due to the low level of compensation they get. Over the weekend Bitcoin Cash has fallen in price by more than 1.5 times. If on 4 August it traded at $340, then by 7 August its price dropped to $200. The priced dropped after the biggest cryptocurrency exchanges for Bitcoin Cash (Bittrex, Bitfinex and Kraken) allowed receiving deposits in Bitcoin Cash. After that, newly born tokens, held on cold storages of their owners poured into exchanges.

By the end of the weekend, Ethereum, the second largest cryptocurrency by capitalisation, also demonstrated growth. After staying in the flat zone for several days, Ethereum jumped up by 30% to $267.