Crypto currency bitcoin has experienced a recent surge in price after news of a “fork” in the bitcoin code led to the price of the cryptocurrency plunging from a high of $1,900 in early October.
However, that rally has slowed to just below $2,000 as of late on Tuesday.
The cryptocurrency was trading for more than $2k in late October before a sudden surge in prices on November 9, after news about the “fork.”
Bitcoin Cash, which has not yet been publicly released, is an altcoin which, like bitcoin, does not use a blockchain, the online ledger that records transactions and other information on the network.
Instead, it uses a “blockchain” that records and manages the transactions and records every single one of its transactions.
For bitcoin, it is the protocol that allows it to be mined.
The altcoin is the first to be built using a “miner,” a computer program that is run to validate transactions.
Bitcoin has had a relatively stable price for months, although the price has dipped dramatically over the past week.
The most recent price increase is due to a “split” in bitcoin code which saw the addition of the SegWit2x hard fork, a hard fork which increases the block size to 21 million.
As of Tuesday, bitcoin is trading for $2.12, up from $2 in early November, according to CoinMarketCap.
The news comes as the bitcoin price has been increasing and people are now using bitcoin to pay for goods and services.
Bitcoin Cash is not as popular as bitcoin, but it is gaining steam, according the CoinDesk Bitcoin Price Index.
Bitcoin is up more than 400% from its October peak.
On Tuesday, the bitcoin value was trading at $1.14, a value of $3,700, according for CryptoCompare.
The value of bitcoin is also growing in the Asian market, which is seeing a rise in demand for the cryptocurrency, which had fallen to a low of $4,000 on December 4, 2017.