On Tuesday, Bitcoin has fallen in price by about 4%, while Bitcoin Cash and Ether rose by over 5%.
At the American Stock Exchange Bitfinex, Bitcoin at the beginning of the session was trading at $5902.50, and at the moment of writing it was worth $5725.20.
On Sunday, Bitcoin went up to $6,190, which the highest value for its nine-year history. At the beginning of this year, Bitcoin cost was around $1000. At the moment, Bitcoin market cap is $95 billion.
The recent rise in the price of Bitcoin was due to the weakening fears of a ban on trading in China.
A few weeks ago, the Chinese authorities banned the capital raising through the sale of digital tokens - the so-called ICO (Initial Coin Offering). Chine also banned trading on exchange websites.
However, many market analysts believe that China's ban was temporary.
At the time of writing, Bitcoin Cash traded at $332.24, rising 5.36% on the day.
The second cryptocurrency by market cap, Ether, rose in price by 7.22% to $ 305.30.
Bitcoin owners are waiting for the upcoming hard fork Bitcoin Gold, which is planned for October 25. During the fork, Bitcoin owners will be able to get the corresponding amount of Bitcoin Gold, only if they store their crypto funds in some of the exchanges that publicly declared the support for BTG. It is expected that the price of the new cryptocurrency will be 10% of the original Bitcoin.
Interestingly, Bitcoin market cap surpassed the market cap of large investment banks. For example, Morgan Stanley's capitalization is $93.1 billion, Lockheed Martin (NYSE: LMT) is at $92.2 billion. The cryptocurrency is slightly below the capitalization of BNP Paribas (PA: BNPP), at $ 100.2 billion.
JPMorgan, the largest bank in the US, has a market cap $ 350.2 billion.