Bitcoin (available on Coinbase) has posted losses for the third straight session in a row, while Ethereum (available on Coinbase) and Bitcoin (available on Coinbase) cash gained further momentum in Wednesday trade. Several other cryptocurrencies are also declining, due to traders concerns over the future of digital currency.  After sTron (available on Binance)g gains in the last two days, Ethereum (available on Coinbase) has gained close to 12.8% in Wednesday trade.

Bitcoin (available on Coinbase) Cash also increased sharply by 12.3% in the last 24 hours. Litecoin (available on Coinbase) fell almost 2.5%, while and Ripple (available on Binance) dipped sharply for the third successive day.

Following the latest selloff in Ripple (available on Binance) price, Ethereum (available on Coinbase) now holds the second place in term of market capitalization. Although Ethereum (available on Coinbase) offers lower transaction fees and shorter transaction wait times, the recent glitch in its algorithm to evaluate costs has forced several users to pay considerably higher fees than usual.

In an email to CoinDesk.com, developer Nick Johnson explained that many popular wallets—including MyETHerWallet, MetaMask, and Shapeshift—use what is called a “gas oracle” to calculate transaction fees.

Lower fees and minimum wait time led Bitcoin (available on Coinbase) cash to become an alternate of Bitcoin (available on Coinbase). It was launched in August 2017 and it is hard-fork of Bitcoin (available on Coinbase).

The stock price of Kodak has increased more than 200% in the last two days, while investors have welcomed its move of using blockchain technology.

The growth in the value of Bitcoin (available on Coinbase) cash is supported by Overstock.com, which amalgamated Bitcoin (available on Coinbase) cash with Bitcoin (available on Coinbase). It is currently standing at the fourth spot in terms of market capitalization. Its market capitalization stands around $45.8 billion, trailing just behind Ripple (available on Binance), Ethereum (available on Coinbase), and Bitcoin (available on Coinbase).

Excluding Ethereum (available on Coinbase) and Bitcoin (available on Coinbase) cash, the majority of cryptocurrencies suffered big losses since the start of this week, impacted by the removal of South Korean exchanges from coinmarketcap.com website.

Moreover, China’s strategy to impose strict regulations on cryptocurrency mines working against the prices. Negative comments Warren Buffet also impacted crypto prices. “We’ll never have a position in them,” Buffett, chairman, and CEO of Berkshire Hathaway, told CNBC’s “Squawk Box” Wednesday morning. “I can say with almost certainty that they will come to a bad ending.”     

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