Bitcoin price is back above $6,000 after plunging on volatile Sunday

 
Lynsey Barber
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Bitcoin Cryptocurrency Is Booming
The price of bitcoin has been volatile in recent days (Source: Getty)

Bitcoin is recovering somewhat after two major plunges below $6,000 on Sunday.

The cryptocurrency has been highly volatile (more than usual) in recent days after a split to increase capacity was called off amid a lack of consensus last week,

It plunged to around the $5,600 mark early on Sunday morning and then again on Sunday evening, losing almost a quarter of its value after rising to an all-time record high last Wednesday of $7,882.

Bitcoin was trading at $6,383 at pixel time.

Read more: Now the European regulator has sounded the alarm on ICOs

Bitcoin cash, a cryptocurrency created after a successful fork of the bitcoin blockchain surged on Sunday, meanwhile, overtaking ethereum to become the second biggest cryptocurrency in the world in terms of market cap briefly. It has since fallen back from that surge and was at $1,138 on Monday morning pixel time.

In another separate so-called fork of bitcoin, bitcoin gold was created and that went live for the first time today.

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