On Tuesday, Bitcoin went down, while Ethereum, Bitcoin's closest counterpart, tumbled too.
Bitcoin sank to $2,690.3, on the U.S.-based GDAX exchange, sliding 2.56%.
The previous week Bitcoin tacked on, climbing to a maximum of $2,953.5 on July 19, shrugging off its record peak of $3,000 reached in June.
Prices grew after the previous week Bitcoin dodged a split into two independent currencies when its network backed a proposal on upgrading to its software for the purpose of speeding up transactions on the Bitcoin network.
According to reports, the upgrade to Bitcoin's network won’t occur until autumn.
The support of Bitcoin miners, making up almost 80% of Bitcoin’s computer power turned to be crucial in ‘locking-in’ the software upgrade, known as Bitcoin Improvement Proposal 91.
At the same time, Ethereum mirrored Bitcoin’s dip, sagging 5.18% to $215.00, rebounding further from its all-time maximum of $419.3 hit on June 11.
On Friday, the evergreen buck rallied to a 10-day maximum after American consumer prices data disclosed a build-up of inflation pressure, which would enable the Federal Reserve to have rates lifted up to four times in 2018…
On Thursday, the US currency was generally intact versus its counterparts…
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