Categories: CryptoNews

Bitcoin SV Price Rises as Bitcoin Remains Stuck in Limbo

Even though it has been surprisingly quiet on the Bitcoin SV front lately, the project is still ongoing. Following some fresh gains, the Bitcoin SV price has now surpassed the $60 mark once again. A very interesting development, especially when considering how all other top markets are still under a lot of bearish pressure right now.

Bitcoin SV Price Rise Materializes

Despite successfully rivaling Bitcoin Cash at one point, it is quite evident Bitcoin SV has lost most of its traction in rather quick succession. This was somewhat to be expected, albeit few people knew the gap between BCH and BSV would grow this wide in quick succession. Clawing back some of these losses will remain an ongoing struggle. However, there is some positive momentum brewing.

Over the past 24 hours, the Bitcoin SV price has gained some lost value. The 4.2% increase brings the price back to just over $64, which is pretty interesting. There is also a 6.1% gain on Bitcoin, which is what one would expect to see from altcoins during an extended bear market. Sustaining this trend will prove to be very difficult, though.

As has been the case for some time now, there is plenty of social media activity pertaining to Bitcoin SV. Kurt Wuckert Jr not only shares a viable message but also a great image to go along with it. While images like these won’t necessarily score a lot of brownie points with the cryptocurrency community, it is still a remarkable piece of art in its own way.

Bitbot is convinced Bitcoin SV is the “truth” machine which will enforce transparency and accountability. Those are some very big claims to live up to for this particular project. Having Bitcoin in the name alone won’t necessarily warrant government adoption now or in the future. There is plenty of work waiting to be done in this regard.

Related Post

Jereme Tayamen contemplates whether or not there is another potential Coinbase “controversy” shaping up behind the scenes. He is wondering if the company is liquidating its own BSV position prior to releasing the coins to the clients. It is a bit odd how the company still hasn’t issued these coins to its rightful owners at this stage. That delay isn’t uncommon for Coinbase whatsoever, though.

As is always the case in the cryptocurrency world, everything depends on Bitcoin’s momentum first and foremost. Right now, the Bitcoin price continues to get hammered first and foremost, which doesn’t bode well for any altcoins or tokens on the market. How that will affect BSV over the coming days, remains to be determined. Anything is possible in this industry.


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Crypto Whale Sparks 8x Surge In $OPK Price with Massive Buy-in

A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…

17 mins ago

Early ENS Investor Transfers $2.47M To Binance Amid Upcoming Token Unlocks

An early investor linked to the $ENS token recently transferred 154,000 ENS tokens, valued at…

20 mins ago

Wintermute’s Memecoin Strategy: BABYDOGE Ranks Among Top 3 Holdings

In a surprising turn, $BABYDOGE has climbed to the top three in Wintermute’s memecoin holdings…

27 mins ago

$Pnut’s Meteoric Rise: How A Tragic Squirrel Inspired A Memecoin Sensation

The $Pnut memecoin recently soared past a $120 million market cap, creating unexpected wealth for…

32 mins ago

Political Memecoins And High-Stakes Bets Surge As Election Approaches

With election season heating up, political memecoins like $PEOPLE, $MAGA, $HARRIS, and $TRUMP are surging.…

39 mins ago

TRX Price Prediction: Tron Network Fee Cut to Spark New ATH?

Back into Spotlight: Tron Network Fee Cut Could Push TRX to ATH, But This DeFi…

9 hours ago