- Bitcoin's offshoot bitcoin cash climbs more than 20 percent as traders shift away from the original bitcoin.
- Bitcoin hit a record high this week after developers called off an increasingly contentious upgrade proposal that would have caused another split in the currency.
- Some traders had bought bitcoin ahead of the planned upgrade in expectation of further gains.
Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead.
The offshoot digital currency surged more than 20 percent to its highest since Aug. 20, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a minority group of developers decided to implement an upgrade in an effort to increase transaction speeds for the digital currency.
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