Bitcoin Price Holds Steady But Future Spike May Be In The Cards

After wild price swings over the weekend, the price of bitcoin held steady in the last 24 hours. At 14:48 UTC, bitcoin was trading at $6,559.10, more or less unchanged from its price 24 hours ago.

Bitcoin cash, which rose over the weekend and plunged Monday, gained in trading. As of this writing, it was trading at $1326.96, up 11.25% in the last 24 hours. That figure represents a drop of approximately 47% from its weekend highs.

Ethereum Classic was the second-biggest gainer in the top 10 most-traded cryptocurrencies. It rose by 10.81% to $17.22. The total market capitalization for cryptocurrencies was $207 billion at 14:50 UTC, an increase of 1.5% in the last 24 hours.

The sideways movement in bitcoin’s price is significant, especially since it comes in wake of a Bitcoin Cash hard fork that was designed to make it more profitable to mine the cryptocurrency as compared to bitcoin. (See also: How November’s Hard Fork Affects Bitcoin Miners.)

Per latest data, bitcoin…

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