Bitcoin SV (BSV) Breaks Out of Slump, Soars 64% in Just 30 Days

The post Bitcoin SV (BSV) Breaks Out of Slump, Soars 64% in Just 30 Days appeared first on Coinpedia Fintech News Bitcoin SV (BSV) has caught the crypto world’s eye with a remarkable 64% gain in the past month, thanks to its inclusion on Binance, one of the world’s top cryptocurrency exchanges.

This substantial increase came after BSV’s split from Bitcoin Cash (BCH) in late 2018, pushing its current trading price to $52.04, up significantly from just $34.08 a week ago.

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

The key driver behind this surge is BSV’s listing on Binance, a major crypto exchange. BSV hasn’t seen such heights since mid-September 2022, and it’s not just a one-day wonder. BSV has been on a winning streak, climbing over 90% since its boost on September 27th.

It’s important to remember that BSV hit an all-time high of $491.64 during the last crypto craze but then took a hit, losing over 95% of its value. Now, it’s finding its stride again, especially after rumors of a Bitcoin ETF adoption.

SEC Steps In the Picture
The recent rise in Bitcoin SV’s (BSV) value has some experts linking it to the potential approval of a spot Bitcoin ETF by the U.S. SEC.

This surge happens amidst ongoing disputes within the BSV community, most notably the resignation of Christen Ager-Hanssen, a prominent BSV supporter, from his role as CEO of nChain due to disagreements with BSV leader Craig Wright.
This surge sets the stage for possible new investors and a challenge against the formidable barrier at $61.99. Bitcoin SV’s journey remains captivating as it navigates the cryptocurrency market’s ups and downs.