Bitcoin SV (BSV) Sees 64% Gain After Binance Listing
Bitcoin SV (BSV) has experienced a significant increase in value, rising by 64% following its inclusion in Binance’s futures trading options. The cryptocurrency, which split from Bitcoin Cash in 2018, is now trading at $54.02, up from $34.08 just a week earlier.
BSV Reaches Highest Price Since September 2022
Last Saturday, BSV reached a peak of over $58 on spot markets, the highest price observed since September 2022. Since a surge on September 27th, the crypto has seen a substantial increase of more than 90%.
BSV Trading at Significant Discount to All-Time High
During the previous bull run, BSV reached an all-time high of $491.64. However, the market crash caused the coin to plummet by over 95%. Now, with rumors of a Bitcoin ETF adoption, BSV has started to move bullishly and is currently trading at an 89.19% discount to its previous ATH.
Bitrue Includes BSV in USDT Pair and Offers Welcome Bonus
Bitrue, a popular centralized exchange platform, has recently added BSV to its USDT pair and launched a promotional campaign that includes a $1,000 welcome bonus. This exchange is known for being favored by the XRP and Ripple communities.
Bitcoin SV: Reclaiming Satoshi’s Vision With Larger Blocks
Bitcoin SV (BSV) claims to embody the original vision of Bitcoin’s creator, Satoshi Nakamoto. It aims to address efficiency issues seen in Bitcoin (BTC) and Bitcoin Cash (BCH) by increasing block size to minimize transaction fees. The controversial claim is made by Australian computer scientist Craig Wright, which has been disputed by many in the crypto community.
BSV Price Surge Tied To SEC ETF Speculation, Intra-Community Disputes
The recent increase in BSV’s value may be linked to speculation that the U.S. SEC could approve a spot Bitcoin ETF. This comes at a time when there are disputes within the BSV community, including the resignation of a well-known BSV supporter as CEO of nChain due to a disagreement with BSV leader Craig Wright.
Hot Take: BSV’s Future Depends on Breaking Resistance Levels
The future trajectory of BSV’s price depends on breaking the significant resistance level at $56.48. If successful, this could attract new investors and challenge the higher barrier level at $61.99.
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