Bitcoin SV (BSV) Surges 64% in 30 Days, Hits New Heights

Bitcoin SV (BSV) Surges 64% in 30 Days, Hits New Heights

October 23, 2023

Bitcoin SV (BSV) has caught the attention of the crypto world with an impressive 64% growth in its value over the past 30 days. This remarkable performance comes from its inclusion in Binance’s futures trading options, one of the world’s leading cryptocurrency exchanges.

Notably, it has experienced this substantial gain since splitting from Bitcoin Cash (BCH) in late 2018, reaching a current trading price of $52.04, a significant jump from just $34.08 a week earlier.

BSV Soars with Binance and Bitrue Listings

BSV, a significant Bitcoin (BTC) fork and proof-of-work (PoW) cryptocurrency in 2023, is making waves in October 2023. It made significant strides on Saturday, reaching a peak value of over $58 on major spot markets. 

Well, one big reason is that BSV got listed on Binance, a major crypto exchange. The last time BSV saw such heights was in mid-September 2022. And it’s not just a one-day wonder. BSV’s been on a winning streak, climbing more than 90% since it had a fantastic boost on September 27th. 

It’s important to remember that BSV reached its all-time high of $491.64 in the last crypto frenzy. But it fell hard, losing over 95% of its value. Now, it’s finding its groove again, especially after rumours of a Bitcoin ETF adoption.

In addition to this, Bitrue, a popular centralized exchange well-received in the XRP and Ripple communities, listed BSV in a USDT pair and even launched a $1,000 welcome bonus campaign.

BSV Rises on SEC ETF Buzz and Internal Strife

The recent upswing in Bitcoin SV’s (BSV) value has raised eyebrows, with some analysts attributing it to the possibility of the U.S. SEC approving a spot Bitcoin ETF.

This surge comes against the backdrop of ongoing disputes within the BSV community, most notably the resignation of Christen Ager-Hanssen, a prominent BSV supporter, from his position as CEO of nChain due to disagreements with BSV leader Craig Wright. 

A successful breakthrough at this point could attract new investors and set the stage for a challenge against the higher barrier at $61.99.

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