Finance

Bitcoin’s rally is pausing — but Bitcoin Cash is popping

Cryptocurrency investors are booking profit on Friday, with Bitcoin seeing a small price dip after setting new records on Thursday.

Bitcoin charged past $4,400 a coin on Thursday, setting a new record high in the process. On Friday, however, traders appear to be booking some profit — Bitcoin is down 2.2% against the dollar to $4,286.31 at 7.30 a.m. BST (2.30 a.m. ET).

Bitcoin has rallied over the last week. The digital currency broke through $4,000 a coin for the first time ever on Sunday and has since added a further $400 to its peak, although the rise has not been in a straight line. Bitcoin has rallied over 300% since the start of 2017.

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Elsewhere, Bitcoin Cash is seeing huge gains against the dollar. The cryptocurrency, which was split off from Bitcoin at the start of the month, is up 13.6% to $506.19 at the time of writing.

Ethereum, the second biggest cryptocurrency by market value after Bitcoin, is up 0.9% against the dollar to $303.83.

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