Crypto Hedge: Bitcoin Cash Spikes To Record High As Bitcoin Collapses Over $1000

crypto hedgeFollowing the surge in Bitcoin's USD price after the suspension of the SegWit2x hard fork, the cryptocurrency has collapsed as traders exit 'fork dividend' trades.

Dennis Gartman had a few words of praise for the bulls right before the collapse...

Crypto Hedge: Bitcoin Price Rally Raises Crypto Market Cap to $205 Billion

The crypto market cap rose to yet another all-time high on Wednesday on the heels of a 6% bitcoin price rally that carried the value of the flagship cryptocurrency back across the $7,500 threshold. Altcoins, likewise, posted a near-universal advance, despite concerns stemming from another vulnerability discovered in Parity’s multi-signature wallet for ethereum platform tokens.

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Source: CoinMarketCap