The price of bitcoin has shot up—again—into record territory, less than a week after the network split that worried some investors.

Bitcoin leaped more than 16 percent and hit a new all-time high of $3,360.87 on Saturday, according to CoinDesk data. By Sunday, the digital currency has settled down to $3,241.05 with a market capitalization of $53.5 billion, according to Bitcoin.com.

This is the first time that bitcoin reached $3,000 since June, when it powered through the $2,000 barrier, which analysts chalked up to several factors, most notably the increased demand from investors in Japan and China.

In an interview with CNBC, BlockTower Capital CIO Ari Paul chalked up the weekend’s gains “to a brief rally” following a “relatively uneventful” split.