The course from Bitcoin SV (BSV) almost doubled from value since Wednesday at around 91 dollars. Most of the volume focuses on a Asian crypto exchange.
Bitcoin SV (BSV)a fork of Bitcoin Cash, saw its price soar yesterday to finally exceed $90 early this morning, a level not seen since April 2022. The token’s price recorded a gain of 60% over 24 hours and 85% over 7 days.
According to various data providers, exchange volume on Bitcoin SV is concentrated mainly on exchanges based in Asia, notably South Korea’s UpBit. The latter accounts for over 70% of the volume, with $520 million exchanged over the past 24 hours.
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Source : coinranking
There doesn’t seem to be any particular catalyst explaining the rise. Bitcoin SV emerged in 2018 as a new fork of Bitcoin (BTC) following disagreements in the Bitcoin Cash community and spurred by Craig Wrighta controversial ecosystem scientist who claims to be Satoshi Nakamoto without ever having been able to prove it.
In recent years, several major crypto exchanges, including Binance, Coinbase and Kraken, have taken the decision to delist Bitcoin SV after 51% attacks on the project or due to the behavior of its founder. Coinbase reminded that it would be phasing out the token completely on its service, inviting its customers to withdraw their BSVs by January 9, 2024.
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