Bitcoin’s upward trajectory seems to have peaked, with the currency cooling off as the American markets take a break for Thanksgiving.
The infamous cryptocurrency hit fresh record highs above $8,300 earlier this week, continuing an upward spiral that has captured investors attention over the last few months. However Thursday’s Thanksgiving break gave the currency some space to breathe, faling to $8,161.
Its spin-off currency however, Bitcoin Cash, continued its upward spiral, jumping up further against the dollar on Thursday morning.
The digital currency, which was split off from bitcoin earlier this year, rose 16 percent at market open following its integration with digital wallet Bitwalla and the exchange Bitstamp.