Bitcoin SV (BSV) Almost Doubled in 30 Days: Possible Reasons
The post Bitcoin SV (BSV) Almost Doubled in 30 Days: Possible Reasons appeared on BitcoinEthereumNews.com. Vladislav Sopov Despite conflicts between key figureheads and media criticism, Bitcoin SV is among best performers in last 30 days Bitcoin SV (BSV), one of the largest Bitcoin (BTC) forks and proof-of-work (PoW) cryptocurrencies in 2023, sees its eponymous asset rallying in October 2023. Here are some catalysts that could have triggered the BSV price run to the new one-year high. BSV rallied on listing announcements, Binance and Bitrue to blame Today, Oct. 21, 2023, the Bitcoin SV (BSV) cryptocurrency printed a local top over $58 on major spot exchanges. BSV traded above $58 in mid-September 2022 for the last time. Since the start of its explosive run on Sept. 27, its price gained over 90%, growing from $30 to $58. Image by CoinMarketCap By printing time, the price slightly retraced: Bitcoin SV is changing hands at $54.3 on the largest spot cryptocurrency exchanges. The rally of BSV was triggered by announcements from the largest centralized exchanges. As covered by U.Today previously, Binance (BNB), the largest crypto trading platform, relisted the USD-margined BSV perpetual contract with a whopping 50x leverage. Thanks to Binance’s (BNB) decision, BSV spiked by 30% overnight and became the best performer amid all large-cap altcoins. Also, Bitrue, a mainstream centralized exchange that is particularly popular in the communities of XRP and Ripple supporters, listed BSV in USDT pair and organized a $1,000 welcome bonus campaign. Conflict between key officers and legal win: Q4, 2023 in BSV Last but not least, some analysts are sure that BSV might benefit from the highly expected approval of a spot Bitcoin ETF by the U.S. SEC. It is interesting that the unexpected BSV rally is happening amid the controversial developments that involve its major proponent. As covered by U.Today previously, top tech entrepreneur and Bitcoin SV (BSV) enthusiast Christen Ager-Hanssen…
The post Bitcoin SV (BSV) Almost Doubled in 30 Days: Possible Reasons appeared on BitcoinEthereumNews.com.
Vladislav Sopov Despite conflicts between key figureheads and media criticism, Bitcoin SV is among best performers in last 30 days Bitcoin SV (BSV), one of the largest Bitcoin (BTC) forks and proof-of-work (PoW) cryptocurrencies in 2023, sees its eponymous asset rallying in October 2023. Here are some catalysts that could have triggered the BSV price run to the new one-year high. BSV rallied on listing announcements, Binance and Bitrue to blame Today, Oct. 21, 2023, the Bitcoin SV (BSV) cryptocurrency printed a local top over $58 on major spot exchanges. BSV traded above $58 in mid-September 2022 for the last time. Since the start of its explosive run on Sept. 27, its price gained over 90%, growing from $30 to $58. Image by CoinMarketCap By printing time, the price slightly retraced: Bitcoin SV is changing hands at $54.3 on the largest spot cryptocurrency exchanges. The rally of BSV was triggered by announcements from the largest centralized exchanges. As covered by U.Today previously, Binance (BNB), the largest crypto trading platform, relisted the USD-margined BSV perpetual contract with a whopping 50x leverage. Thanks to Binance’s (BNB) decision, BSV spiked by 30% overnight and became the best performer amid all large-cap altcoins. Also, Bitrue, a mainstream centralized exchange that is particularly popular in the communities of XRP and Ripple supporters, listed BSV in USDT pair and organized a $1,000 welcome bonus campaign. Conflict between key officers and legal win: Q4, 2023 in BSV Last but not least, some analysts are sure that BSV might benefit from the highly expected approval of a spot Bitcoin ETF by the U.S. SEC. It is interesting that the unexpected BSV rally is happening amid the controversial developments that involve its major proponent. As covered by U.Today previously, top tech entrepreneur and Bitcoin SV (BSV) enthusiast Christen Ager-Hanssen…
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