Bitcoin cash, the new cryptocurrency offshoot, has fallen back from record highs recorded just yesterday.
After peaking above $1,000 it fell to $739 at pixel time, according to coinmarketcap.com.
Bitcoin cash was formed last month from the hard fork of the bitcoin blockchain and surged 40 per cent in a single day on Friday entering $600 territory, but it has also been volatile, touching an intraday low on Thursday of $293.
Read more: Initial Coin Offerings: Are they a solution to Bitcoin woes?
It has quickly become the third biggest cryptocurrency behind bitcoin and ethereum.
Meanwhile, the price of bitcoin has fallen back from record highs of $4,500 last week and was trading af $4,134 at pixel time.
Cryptocurrency prices have rocketed in recent weeks as they become more attractive to mainstream investors.
(Source: coinmarketcap.com)
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