Investing.com – Prices of Bitcoin and Ethereum remained well supported on Monday, as investors capitalised on attractive prices, after both cryptocurrencies plunged below key levels over the weekend.
On the U.S.-based GDAX exchange, BTC/USD rose to $2,142.0, up $207.0 or 10.63%. The world’s most popular digital currency had dropped below $1,900 amid concerns about a potential split in a few weeks.
On August 1, bitcoin improvement proposal 148 is scheduled to activate – intended allow the bitcoin network to scale more efficiently – but if the majority of developers don't agree on the proposal, bitcoin could split.
Ethereum recovered from a more than 20% dip sustained on Sunday to trade at $176.20, up 21.72%. Market participants pointed to profit-taking and worries that Bitcoin could split as potential reasons for the slump on Sunday.
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