Bitcoin and Ethereum, the two biggest cryptocurrencies by market value, are slipping on Tuesday, while Bitcoin Cash recovers after Monday’s fall.
Bitcoin is down 4.7% against the dollar to $US3,810.39 at 7.20 a.m. BST (2.20 a.m. ET), a one-week low. Bitcoin has been pulling back after a rapid rally last week that saw it pass $US4,000 and $US4,400 per coin for the first time ever in a matter of days.
Meanwhile, Ethereum is down 3.4% against the dollar to $US309.17, extending a run of range-bound trading for the digital currency that has seen it struggle to break above $US350.
Bitcoin Cash, the cryptocurrency split out from Bitcoin at the start of the month, has been on a tear. The new digital currency rose as high as $US1,000 over the weekend but fell sharply on Monday as some traders viewed the rally as overdone. After falling back to earth, some are now seeing value and Bitcoin Cash is up 3.7% to $US626.62.
Get the latest Bitcoin price here.