Bitcoin Cash, the Bitcoin-based cryptocurrency that recently hit a record high price of $5,500, is seeing its market value rise as people wait to see if the currency will rise again.
According to CoinDesk, Bitcoin Cash’s market capitalization now stands at $7.1 billion.
The Bitcoin Cash cryptocurrency was launched on November 4, 2017 and is currently trading at around $4,865.
Bitcoin Cash, which is currently pegged to the cryptocurrency’s value at around 6 cents, has seen its value rise by around 20 percent since the cryptocurrency hit its highest level of $6,500.
However, there has been an increase in trading volume as people are searching for the cryptocurrency to regain its value.
Bitcoin’s price, however, is still trading around $3,600.
There has been a steady rise in Bitcoin Cash trading volume, which was first seen in July when the cryptocurrency was trading at over $2,000.
Bitcoin cash was recently listed on the New York Stock Exchange and has recently experienced a price spike.
The cryptocurrency has also seen a surge in its value on exchange platforms such as Bitfinex, Coinbase and Bitstamp.
Bitcoin has become the second most popular cryptocurrency after Ethereum after the $7 billion price increase that occurred following the release of the Bitcoin Cash digital currency.