On Friday, Bitcoin failed to hold above $ 8000 after he reached a historic high of $8040. At the same time, Bitcoin Cash soared by 21%.
At the American exchange Bitfinex, Bitcoin fell 0.88% and traded at $7796.1.
The largest digital currency in terms of capitalization has risen sharply this week. Earlier, after the cost of Bitcoin almost reached $7,900 on November 8, its quotation fell 29%.
The drop in Bitcoin was due to the cancellation of the software update known as SegWit2x, which was supposed to lead to another split of the digital currency. The developers of software for operations with Bitcoin were against the fork.
The planned hard fork, also referred to as Bitcoin2x, should have approximately doubled the bandwidth of the network, which would reduce the cost of transactions.
The increase in the Bitcoin rate began after the American company Square, developing solutions for receiving and processing electronic payments, announced on Wednesday that it was testing Bitcoin support so that its users could buy and sell Bitcoins using their Cash application.
Over the past seven days, Bitcoin has gained more than 10%, and its market capitalization is now $130 million.
Traders retained a positive mood regarding Bitcoin after the operator of financial derivatives CME Group (NASDAQ: CME) in late October said that it would start trading Bitcoin futures this year.
Bitcoin took a breather on Friday, when the interest of traders shifted to Bitcoin Cash, which soared by 22.61% to $ 1108.90.
At the current moment, the market capitalization of Bitcoin Cash is about $ 19.1 billion, which makes it the third largest in terms of capitalization by crypto currency.
Ethereum, the second largest coin by capitalization, gained 0.13% to $ 331.32.
Dash, one of the cryptocoins in the top 10 list, had an incredible rally this week, increasing from $350 to over $450, after hitting the peak beyond $500.