Bitcoin SV has experienced a remarkable resurgence, surging more than 270% from its historic low of $23.30 documented in June of this year.Bitcoin SV (BSV), a derivative of the Bitcoin Cash (BCH) blockchain resulting from a hard fork, is experiencing remarkable gains, with its price surging by more than 65% at the time of this writing. While the prevailing positive market sentiment contributes to this surge, there are additional factors at play.One driving force behind the upward momentum of Bitcoin SV is its increasing demand within the cryptocurrency landscape. Over the past 24 hours, BSV's trading volume has seen an astonishing surge of 615.98%, reaching a substantial value of over $612.40 million. Notably, the surge is predominantly fueled by South Korean traders.Recent statistics from CoinGecko reveal that Upbit, a prominent South Korean cryptocurrency exchange, has accounted for $513.81 million in BSV trades over the past day, capturing an impressive 67.25% share of the total trade volume. This indicates a heightened interest in Bitcoin SV among South Korean investors.South Korea has recently taken steps to establish a regulatory framework for cryptocurrencies, aiming to address illicit activities in the sector. Additionally, in an update on December 27, it was announced that public officials are now required to report their cryptocurrency assets, marking a significant move towards regulatory oversight. These developments likely attract investors seeking a regulated environment for added security.As of the latest update, Bitcoin SV is trading at $92.33 on Thursday, December 28, 2023, marking a price increase of 67.97%. Furthermore, the market capitalization of BSV has surged by 65.73% to reach $1.7 billion, reaching a new 52-week peak with a high of $89.50 during the current trading session.The recent surge in Bitcoin SV is notable as the cryptocurrency has rebounded significantly from its historical low of $23.30 recorded on June 10, 2013, registering an impressive surge of over 271%. Additionally, the one-month returns for the crypto have witnessed a remarkable increase of over 120%.However, it's worth noting that the current price remains considerably lower than its all-time high in 2021. Bitcoin SV reached its peak at $491.64 in April 2021, indicating a decline of over 82% in value since reaching its highest point.#BitcoinSV #dyor

Post By: CryptosHeadlines.com

Bitcoin SV (BSV) had a significant 15.2% increase in value recently, but it’s currently trading at just over $39, similar to the previous day.The market is currently grappling with a challenging dynamic resistance level, which has left traders feeling uncertain.
Bitcoin SV, a fork of Bitcoin, is presently the most profitable cryptocurrency among the top 100 by market capitalization.
The global cryptocurrency market’s value has reached $1.09 trillion, showing a 1.4% increase in one day. On Tuesday, Ethereum (ETH) saw a 0.1% increase to $1,585, while Bitcoin (BTC) was up by 2.6% at $28,466.60.
SEC Impact on Crypto Rally and BSV Price Surge
The recent cryptocurrency price surge was mainly driven by optimism about the Securities and Exchange Commission (SEC) potentially approving a Bitcoin ETF. This sentiment was reinforced when the SEC chose not to appeal the Grayscale lawsuit.
However, there was a spike in BSV prices due to a false report from CoinTelegraph, incorrectly claiming that the SEC expected the iShares Bitcoin Trust, which briefly pushed Bitcoin to nearly $30,000 before it quickly dropped.
As of the latest data, BSV is ranked 48th and is trading at $39.40, reflecting a 22% increase in the past week, according to crypto market tracker Coingecko.
The Relative Strength Index (RSI) for BSV is 67.58, which is the same as it was yesterday. This RSI level is gradually approaching the overbought zone, suggesting that a small correction or consolidation in BSV’s price may be on the horizon.

BSV market cap currently at $757 million. Chart: TradingView.com
Bitcoin SV (BSV) is showing positive signs with increased trading volume and market capitalization. Its market cap has risen by 1.22% to reach $757 million, and its 24-hour trading volume has surged by a significant 83% to $238 million.
This uptick in trading activity indicates growing trader interest and suggests the potential for BSV’s price to continue rising.
Historicaly, when market confidence remains strong, cryptocurrencies like Bitcoin Cash have also seen price increases. The strong performance of U.S. stocks is a notable example, with the S&P 500 and Dow Jones both gaining over 1%, while the Nasdaq 100 index jumped more than 1.10%. Cryptocurrencies have often performed well in response to rising stock prices.
Bitcoin SV Price Faces Resistance: Possible Upside Break
The current price of BSV faces resistance in the range of $38.5 to $40.6, coinciding with the Fibonacci 0.5 level at $39.75. A successful breakthrough of this resistance could indicate an upward trend for Bitcoin SV.
At the same time, there’s a nearby support area from $33.85 to $36.10, aligning with the Fibonacci 0.618 level at $35.89 and the 20-day Exponential Moving Average (EMA) at $34.79.
If BSV can’t maintain its position above the support zone, it may experience a potential downward trend.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Blockchain #CryptoMarket #Bitcoin #CryptoNews #BitcoinSV

Post By: CryptosHeadlines.com

Bitcoin SV, which is a fork of Bitcoin, experienced a significant increase in both its price and trading volume, leading to new price records in October 2023.The cryptocurrency market has been getting more attention recently, and one cryptocurrency, Bitcoin SV (BSV), made headlines on Thursday, October 19th, due to a significant price increase.
BSV, a fork of Bitcoin, saw a substantial surge in its price and trading activity, reaching a new monthly high of over $42. Despite experiencing price fluctuations throughout the year, BSV gained the spotlight as one of the top-performing cryptocurrencies in the current session.
It’s worth noting that BSV is the native cryptocurrency of Bitcoin Satoshi’s Vision, a blockchain created in 2018.
Bitcoin SV Hits New Monthly High
In September 2023, Bitcoin SV’s price stayed relatively stable, fluctuating between $30.65 and $32.53. However, in early October, it surged to nearly $42, breaking through various resistance levels and reaching a high of $43.
Following the October price spike, BSV lost momentum and dropped to a low of $32.32. It then traded in a range between $32.46 and $33.79, indicating a lack of clear investor interest.
Currently, the price of Bitcoin SV stands at $42.99, showing a 7.32% gain in the past 24 hours. Additionally, its one-day trading volume and market cap increased by 37.09% and 7.30%, reaching $201.41 million and $828.18 million, respectively.
These recent gains have resulted in a significant 35% price increase for Bitcoin SV over the last 30 days.
Crypto Price Swings After SEC Decisions
In early October, there was news that the SEC had approved the iShares spot ETF application. This news initially boosted the price of Bitcoin SV, as it tested higher resistance levels. However, it was later revealed that the news was fake, and the price was rejected at $41.52.
The recent price surges in the cryptocurrency market were primarily driven by optimism surrounding the potential approval of a Bitcoin ETF by the Securities and Exchange Commission. This sentiment was reinforced when the SEC decided not to appeal the Grayscale lawsuit.
Cryptocurrency markets have been quite uncertain due to frequent price fluctuations. Although the overall market is experiencing a downturn, some cryptocurrencies, such as Bitcoin SV and Bitcoin, among others, may still offer investment opportunities.
Experts believe that the recent price gains in Bitcoin SV could be attributed to the growing optimism around the approval of a Bitcoin Spot ETF and the anticipated rally of Bitcoin (BTC).
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoMarket #Bitcoin #CryptoNews #BitcoinSV #BSV

The cryptocurrency linked to Craig Wright, who claims to be Satoshi, has experienced an impressive 65% price surge.
Bitcoin SV (BSV), holding the 54th position among cryptocurrencies, has undergone a notable increase in its market value.
Bitcoin SV (BSV) Witnesses 65% Surge
Bitcoin SV (BSV) has experienced a remarkable surge in its price, soaring to $87.91, marking a substantial 65% increase from its previous 24-hour range low of $53.07. This surge is not only reflected in its price but is also evident in its trading volume, which reached $753.5 million.
Additionally, BSV’s market capitalization has climbed to $1.7 billion, further attesting to the dramatic upswing in both price and trading activity. This notable surge has garnered significant attention within the cryptocurrency market.
Upbit Dominance Drives Bitcoin SV (BSV) Surge
The notable surge in Bitcoin SV’s price finds its roots in a substantial increase in trading volume, notably on Upbit, South Korea’s largest cryptocurrency exchange. An impressive 66.89% of BSV’s trading volume, equivalent to over $503 million, was concentrated on Upbit.
This dominance on Upbit stands in stark contrast to the trading volumes on other exchanges such as OKX and BiONE, where BSV’s trading accounted for a mere 9.13% and 7.69%, respectively. The significant concentration on Upbit highlights a growing interest and confidence among South Korean traders in Bitcoin SV, emphasizing the influential role that the country plays in shaping trends within the cryptocurrency market.
Divergent Views: Upbeat in Korea, Coinbase’s Stand on Bitcoin SV (BSV)
While the Korean market exhibits a bullish sentiment towards Bitcoin SV (BSV), Coinbase, a major U.S. cryptocurrency exchange, has taken a contrasting stance. Earlier this year, Coinbase declared its intention to completely liquidate any BSV holdings on its platform, with a deadline for users to withdraw their coins set for January 9.
Despite the recent surge in BSV’s price, the coin still faces a decline of 82.29% from its all-time high in 2020, when it stood among the most significant cryptocurrencies by market capitalization. This divergence in perspectives emphasizes the varied reactions and approaches within different cryptocurrency markets.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#BitcoinSV #BSV