Bitcoin cash ( BCH), a cryptocurrency that is backed by bitcoin, has gained 11% in the past 24 hours.

Bitcoin’s price decline is the result of network congestion, which sent transaction fees sky-high over the weekend as demand for bitcoin ordinary increased.

Some market watchers say that BCH has benefited from the backlog of bitcoin transactions.

BCH, whose recent price was over $122, was the only digital asset trading in the black on Tuesday.

Kyle Doane, an Arca trader, wrote to CoinDesk that “Bitcoin Cash is a fork from Bitcoin and the market speculates there will be spillover due to high fees/congestion.” Doane said that bitcoin cash’s recent surge will likely be temporary.

Binance, the largest crypto exchange in the world, temporarily halted bitcoin withdrawals due to the flood of Bitcoin blockchain transactions that occurred over the weekend.

Laurent Kssis is a crypto advisor with CEC Capital and he said he does not believe that they are connected. “I am not sure that BCH’s growth is due to bitcoin’s congestion, as this move is not detrimental to btc.”

Kssis said: “Sure, BTC is falling but this was in the cards since a few days.

Bitcoin is currently trading at $27,600. This is about the same as it was at the start of the month. The largest cryptocurrency in terms of market capitalization traded near $30,000 last week.

Kssis believes bitcoin cash will fall to $110 again, as it appears that the current rise is not sustainable.

James Rubin is the editor.