Bitcoin slips from near record as traders cash in
The most widely traded cryptocurrency held moderately in negative territory on Monday. Before the weekend the Bitcoin's value came near the absolute record, as it keeps attracting interest in the market on worldwide adoption and governmental initiatives to include the asset class in the legal system. The all-time high of just below $4,500 has been struck on August 17.
In notable news, Microsoft Corp. has rolled out Coco Framework, a tool to help client companies to integrate blockchain technology, particularly in consortium businesses. The service has already been adopted by a handful of users, among them Intel and the Ethereum network, TechRadar reported. Meanwhile, First Bitcoin Capital Corp. from Vancouver said the decision of the United States Securities and Exchange Commission to suspend it from over-the-counter trading was a result of a "misunderstanding."
The Bitcoin bought $4,225 at 8:02 am CET, a decrease of 2.49%. It was 2.29% at 28.138 yuan per coin and 2.03% in the red, trading at €3,563.828. Spinoff digital currency Bitcoin Cash shed 2.47% to $599.8.