By BATES BRANDS BIKE and MIGUEL SANTOS via BloombergNews.comThe Bitcoin Cash price has climbed by more than a third over the past 24 hours.
The digital currency has been gaining traction in the wake of the Bitcoin Cash hard fork, which is expected to be the first step in Bitcoin’s hard fork to split from Bitcoin.
But the price has seen its value plummet since last Friday, when the price of Bitcoin Cash plunged to $1,065.50.
Bitcoin Cash was the last major digital currency to enter the marketplace before the hard fork and its price surged in the weeks following the fork.
Bitcoin Cash’s price has rebounded since then, but the digital currency’s value has fallen significantly since the fork, according to CoinMarketCap data.
Since then, Bitcoin has gained more than $4 billion in value.
Bitcoin is up more than 40% year-to-date, according the cryptocurrency market data website CoinMarketValue.
Bitcoin is currently trading at $1.1811, compared to $905.60 for Bitcoin Cash on Friday.
A Bitcoin Cash buyback has occurred at least once since the end of September, when BTCUSD traded at $4,053.40.
Bitcoin’s current price is up 7.2% year to date.
Bitcoin has also gained more in the past few days, with the digital cryptocurrency gaining more than 30% in the last 24 hours, according CoinMarketCounters.
Bitcoin gained more from the day the fork occurred, when its value jumped more than 200%.
The value of Bitcoin rose over 6% overnight, CoinMarketData said.
Bitcoin also gained 1.3% over the weekend, according CryptoCompare.