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Bitcoin fell more than 10 percent on Wednesday to a one-week low of $15,800 at cryptocurrency exchange Bitstamp, losing almost one-fifth of its value from a peak hit just three days ago. Newslook

Bitcoin cash skyrocketed 80% to break above $4,000 on Wednesday after the leading cryptocurrency exchange said it would begin trading in the bitcoin offshoot.

Bitcoin cash traded at $4,329.52 on Coinbase as of 12:12 p.m. ET time.

Coinbase said traders would be able to buy and sell the digital currency ” once there is sufficient liquidity” on the GDAX exchange, which is owned by Coinbase.

Bitcoin cash was created on August 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 easier.

The new digital currency has had a staggering run higher ever since its split off, rising more than 880% in that time period.

The original bitcoin, meanwhile, fell more than 9% on Wednesday to $16,680, according to Coinbase.

CNBC’s Evelyn Cheng and Reuters contributed to this report.

© CNBC is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

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Bitcoin cash skyrockets 80%, breaks above $4,000

The bitcoin offshoot traded at $4,329.52 on Coinbase at noon. The original bitcoin, meanwhile, fell more than 9% to $16,680, according to Coinbase.

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