Investing.com - Bitcoin prices were lower on Wednesday, as selling in the cryptocurrency resumed a day after it hit a record high near $3,500 per coin.
On the U.S.-based Bitfinex exchange, Bitcoin was last at $3,298.1, down $142.8 or 4.15% from its previous close.
It rose as high as $3,482.9 on Tuesday, the latest in a series of all-time highs.
Bitcoin has more than tripled this year and has gained around 15% so far this month.
Tuesday’s fresh highs came as new software called Segregated Witness, or SegWit was adopted by the blockchain supporting Bitcoin, which will improve transaction speed on the Bitcoin network.
The software was developed as a solution to the cryptocurrency’s scaling problem, which led to a split or so-called ‘hard fork’ on August 1.
The blockchain supporting Bitcoin split into two, creating a new version of Bitcoin called Bitcoin Cash.
Meanwhile, Bitcoin Cash was also lower, sliding 3.77% or $12.55 to $320.15.
Elsewhere in cryptocurrency trading, Ethereum, Bitcoin’s closest rival in terms of market cap, was a touch lower, dipping 0.5% or $1.47 to $293.82.
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