Bitcoin cash fell from its session highs on Wednesday, trading back below $4,000, after Coinbase-owned GDAX restarted trading in the bitcoin offshoot.
The digital currency traded at $3,947.98 as of 2:14 p.m. ET.
Coinbase had originally halted bitcoin cash trading as it waited for “sufficient liquidity” to reach the cryptocurrency.
However, bitcoin cash was still up 54.8 percent on the day.
Bitcoin cash was created on Aug. 1, when Hong Kong-based digital currency exchange Bitfinex said a group of bitcoin miners would be “forking” from the main bitcoin to create a new version that trades faster and more easily.
The new digital currency has had a staggering run higher ever since it split off, rising more than 780 percent in that time period.
Bitcoin cash since its inception
Source: Coinbase
The original bitcoin, meanwhile, fell more than 8 percent on Wednesday to $16,747, according to Coinbase.
— CNBC’s Evelyn Cheng and Reuters contributed to this report.
