Bitcoin held steady Tuesday morning ahead of a scheduled split in the digital currency.

Bitcoin traded near $2,800, little changed from Monday, after dropping to a low of $2,680.85 overnight, according to CoinDesk. The digital currency rose more than 10 percent in July and has more than doubled in value this year.

The split into bitcoin and “bitcoin cash” is scheduled to occur sometime after 8:20 a.m., ET Tuesday, depending on how much and how quickly mining hash power transitions to the new currency.

Futures for bitcoin cash traded slightly lower near $278.06 as of 8:02 a.m., according to CoinMarketCap.

Facebook Comments